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.
My calculations are on the value of the ore at todays spot...
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Last
54.5¢ |
Change
-0.020(3.54%) |
Mkt cap ! $37.97M | |||
| Open | High | Low | Value | Volume |
| 56.0¢ | 58.0¢ | 54.5¢ | $400.9K | 713.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 27715 | 54.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.0¢ | 7615 | 1 |
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| SS1 (ASX) Chart |