FBX, I didn't we would achieve your call of 55 cents when you posted that earlier today, but very happy to see a close at 56.5, volume over 1M shares and buyers outnumbering sellers - something we haven't seen for a while.
I think $1billion market cap is very realistic.
Being a little conservative, if you said 125,000 oz per annum at a margin of $800 gives a profit of $100 million. With more than 10 years production identified and as they announced, big scope for increasing that, a P/E of 10 once actual production and cash costs confirmed. Add to that the potential to do it all again at Cape Three Points.
Should be a great year for NMG.
For those interested in a bit of extra leverage, consider NMGOA options, low volume but offset by long expiry at July 13 (disclosure: I hold NMGOA and not NMG as in my opinion better leverage with minimal additional risk for longer term holder).
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Last
$1.02 |
Change
0.000(0.00%) |
Mkt cap ! $307.4M |
Open | High | Low | Value | Volume |
$1.02 | $1.03 | 99.5¢ | $420.5K | 416.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5666 | $1.02 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.03 | 22920 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5666 | 1.015 |
2 | 53166 | 1.010 |
4 | 92500 | 1.000 |
1 | 1254 | 0.995 |
4 | 145337 | 0.990 |
Price($) | Vol. | No. |
---|---|---|
1.025 | 22920 | 1 |
1.030 | 28940 | 3 |
1.035 | 17076 | 3 |
1.040 | 16615 | 2 |
1.045 | 20000 | 1 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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