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.
Peer Valuation
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Last
$1.08 |
Change
0.010(0.94%) |
Mkt cap ! $2.576B | |||
| Open | High | Low | Value | Volume |
| $1.08 | $1.09 | $1.07 | $1.525M | 1.418M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 142816 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.08 | 145596 | 17 |
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| DEG (ASX) Chart |