I expect CHN to spend $12 to $14 million on costs, this year.
Which would leave them with $24-22 million at the end of the year.
The gold price would need to be around $1,300 otherwise the share price will tank below 10c.
So the best share price valuation BUY based on their cash, is $0.08c a share. So that's about 25% below the current share price.
Equally a good SELL price would be $0.13c a share this year !
Interesting times !!!
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Last
$1.07 |
Change
-0.018(1.61%) |
Mkt cap ! $414.3M | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.10 | $1.06 | $1.428M | 1.328M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 29832 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 48973 | 25 |
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| Last trade - 15.42pm 22/08/2024 (20 minute delay) ? |
| CHN (ASX) Chart |