Cannacords 02 June note has an tp of $1.60 based on a 'Conservative' 4-5m oz for the MRE!
Argonauts 21 May note gives an estimated A$2b NAV for Deg. In US$ that's $1.5bn.
Avge NAV/oz total resource for Tier 1 producers is around US$250/ oz.
At 9m oz and current mcap of A$1.65bn, Deg is way behind the curve imo. A more suitable valuation, based on today's impressive maiden innings should be around the A$2.50 mark. As both Cannacord and Argos recent tps were A$1.60, it will be interesting to see where their respective updates land.
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$1.05 |
Change
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Mkt cap ! $2.504B |
Open | High | Low | Value | Volume |
$1.03 | $1.05 | $1.02 | $6.125M | 5.901M |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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2 | 18000 | 1.040 |
6 | 93346 | 1.035 |
10 | 264325 | 1.030 |
5 | 115655 | 1.025 |
9 | 137100 | 1.020 |
Price($) | Vol. | No. |
---|---|---|
1.045 | 44367 | 1 |
1.050 | 218444 | 13 |
1.055 | 115442 | 3 |
1.060 | 49344 | 4 |
1.065 | 53344 | 3 |
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