countclarke
as of today we have somewhere between 4-6.5years of mine life from existing reserves. Boonanaring has at least 1 year probably 1.5 years left. Atlas has 3 years on existing reserves and 5 if you include the other two satellites. If we assume 70m cash flow per year that is approx 280-420 m cash . The upper figure is the most likely. Current cash and inventory is valued at about 92 m and they have land of 20m. So you can see at 200m market cap it remains very cheap. Note also the 70m cash flow is by no means a bullish figure at they will earn 100m plus on current prices per annum . Now if Biddimina was a stand alone project in a mineral sands exploration company I think it would be valued at 80m plus. If I took spot prices and extrapolated margin and cash flow on those , the the 280-420 m cash flow would be much higher also.
16 c is history . 4.3m traded mostly at 20c suggests many agree with me it’s going much higher
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7.3¢ |
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Mkt cap ! $81.98M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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3 | 192673 | 7.3¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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3 | 192673 | 0.073 |
5 | 357322 | 0.072 |
1 | 55000 | 0.071 |
3 | 85520 | 0.070 |
1 | 10000 | 0.069 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 30375 | 1 |
0.076 | 182396 | 3 |
0.077 | 37500 | 1 |
0.078 | 49297 | 1 |
0.079 | 55889 | 2 |
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