For the weekend a number gimmick (i have to admit a bit crazy) especially for „old-fashioned fundamental investors“.
Mobil spent 30 USm$ for Cabora Bassa exploration in the past = 41 Am$
Invictus is having approx 10 Am$ Net Assets
Invictus paid 2018 for the aquisition incl. the shares Scot got for project transfer approx -4 Am$
If all the Cabora Bassa exploration work had been done by one exploration company, then that company would have today a book value of approximately 47 Am$.
With IVZs current marketcap of 30 Am$, this company would have a P/B ratio of 0.6
That's normally a validation/ratio for trash explorers with a stranded or uneconomical project and an empty cash box.
I checked some explorer hopefuls on my watchlist. Most are valued with a P/B around 2, the most hopefuls with 8-9.
None of these companies I would attest a greater potential and a better risk/reward ratio in comparison to IVZ.
Oh yeah, i know thats not the typical approach to evaluate exploration projects.
But it was fun
- Forums
- ASX - By Stock
- IVZ
- Introducing Our Top Energy Pick of 2020: Eying Elephant Scale Potential
Introducing Our Top Energy Pick of 2020: Eying Elephant Scale Potential, page-51
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IVZ (ASX) to my watchlist
|
|||||
Last
6.3¢ |
Change
0.001(1.61%) |
Mkt cap ! $89.32M |
Open | High | Low | Value | Volume |
6.2¢ | 6.4¢ | 6.0¢ | $308.9K | 5.008M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 160000 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.3¢ | 147648 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 160000 | 0.062 |
4 | 741332 | 0.060 |
3 | 900000 | 0.059 |
4 | 399842 | 0.058 |
2 | 25500 | 0.057 |
Price($) | Vol. | No. |
---|---|---|
0.063 | 147648 | 2 |
0.064 | 839531 | 4 |
0.065 | 693000 | 5 |
0.066 | 965000 | 3 |
0.067 | 956665 | 4 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
IVZ (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online