My calculations are on the value of the ore at todays spot prices! I suspect that if the mine was as profitable today as you want to believe, then E79 management selling the asset for A$7.5M would have to rank as the most intellectually challenged management on the planet.
Your next investor mob are looking into the future with a larger project, better drill results and increasing the resource, and banking on a silver bull market. I have already provided the upside of the project at Ag $50.
When SVL released its 2018 feasibility study, their project was a little underwhelming and the share price hardly moved. Their market cap at the time was around A$50M. A rising silver and base metals price has done wonders for their project.
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Last
66.0¢ |
Change
0.045(7.32%) |
Mkt cap ! $45.98M |
Open | High | Low | Value | Volume |
62.5¢ | 67.0¢ | 61.0¢ | $1.000M | 1.553M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 46996 | 65.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
66.0¢ | 27125 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 46996 | 0.650 |
2 | 53846 | 0.645 |
4 | 86243 | 0.640 |
2 | 86374 | 0.635 |
4 | 80376 | 0.630 |
Price($) | Vol. | No. |
---|---|---|
0.660 | 27125 | 2 |
0.665 | 1500 | 1 |
0.670 | 1564 | 1 |
0.675 | 38486 | 3 |
0.680 | 77497 | 2 |
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