MacB Price assumptions are (28/09/21):Fig 5 Spot prices are trading above our long-term assumptions, particularly palladium
Variable Long-term Spot Variance
Long Term Spot/diff%Nickel (US$/lb) 7.71 8.60 12%
Cobalt (US$/lb) 28.50 22.63 (21%)
Copper (US$/lb) 3.40 4.25 25%
Palladium (US$/oz) 1,000 1,964 96%
Platinum (US$/oz) 1,050 982 (6%)
Gold (US$/oz) 1,400 1,751 25%
A$/US$ (x) 0.70 0.73 4%
Source: Bloomberg, Macquarie Research, September 2021
Their CHN valuation is now $9.00.
Looks like their love affair is over: mining inventory has been decreased (despite the latest CHN ann disclosing extensions at depth) and a criticism that employee share issues cost more than estimated (MacB said that??).
MacB Price assumptions are (28/09/21): Fig 5 Spot prices are...
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Last
$1.14 |
Change
0.020(1.79%) |
Mkt cap ! $441.4M | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.15 | $1.12 | $3.158M | 2.794M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 20306 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.14 |
Change
0.020 ( 1.79 %) |
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| Open | High | Low | Volume | ||
| $1.12 | $1.15 | $1.12 | 762588 | ||
| Last updated 16.09pm 03/05/2024 ? | |||||
| CHN (ASX) Chart |