Correction: GL1 used $2,500/T (not $2,600/T). GL1 includes a table in their scoping study showing Manna has a $1.855bn NPV (before tax) if their assumed spod price reduces by 20% (this would mean a spod price of $2,000/T). Given spot spod is now well below this level, their NPV must be well below $2bn.
So either the market really loves Western Australia assets even more than expected, or GL1 has a large drop coming for it or LRS is looking incredibly cheap.
With an assumed NPV of $1.8bn, GL1 is trading at 17.44% of it's NPV versus LRS at 14.22% of it's NPV.
Take your pick of which answer is most right.
LRS General Discussion, page-15126
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Last
19.3¢ |
Change
-0.003(1.28%) |
Mkt cap ! $539.2M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.0¢ | $2.528M | 12.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 92 | 4930267 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 2696418 | 29 |
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| Last trade - 13.45pm 13/09/2024 (20 minute delay) ? |
| LRS (ASX) Chart |