Just speculating, but I would have thought based on copper and tin currently and the improvements available, conservatively Metals X would open around 60c to 70c per share. I wouldn't be surprised to see that in 12 months to be around $1.50/$1.80 if all things go well.
Westgold is a funny one though, I would think that might open around the $1.80/$2.20 per share which would give it a market cap of around $600m which is pretty low when you compare to Saracen which has a market cap of $800m and it produces about two thirds as much as Metals X does and MLX has pathway to 400,000 ounces, so I wouldn't be surprised if re-rates pretty quickly. Though MLX is a little higher on the cost curve.
My guess, Metals X is the smokey especially if Trumponomics take hold and commodity prices continue to rally and Aussie dollar stays low.
Whereas Westgold should probably merge with Northern Star to create a 1 million ounce company with long life reserve/resources.
These are my guesses only
Just speculating, but I would have thought based on copper and...
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45.5¢ |
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Mkt cap ! $412.3M | |||
| Open | High | Low | Value | Volume |
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| 3 | 110122 | 45.0¢ |
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