Looking for opinions on a comparative company to get an idea on a fair mc for hvy once we are producing.
Is it RDG? Is it as simple as that?
They are nearby, grades are comparable, if RH comes through we will have a similarly sized resource.....
Whilst RDG does have some other revenue streams my understanding is that they are a relatively small percentage when compared to its Garnett operation.
Could we argue that on the assumption that our resource and grade will be the same (discounted against HVY as I believe we will be bigger and better) and throw in a 10% discount based on RDG's other revenue that we should fairly be valued at 90% of RDG (approx 180M mc today) once we are producing?
I appreciate this is a very simplistic approach to a mc and that supply/demand, world events, technology etc will change over the next 3-5 years however I don't see why it is not a likely scenario.
Would love to hear of other comparable companies and thoughts on my opinion.
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Mkt cap ! $8.380M |
Open | High | Low | Value | Volume |
12.0¢ | 14.0¢ | 12.0¢ | $31.84K | 237.2K |
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No. | Vol. | Price($) |
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2 | 33000 | 13.0¢ |
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Price($) | Vol. | No. |
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13.0¢ | 20069 | 2 |
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No. | Vol. | Price($) |
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1 | 10000 | 0.130 |
2 | 34000 | 0.125 |
1 | 283218 | 0.120 |
2 | 19522 | 0.105 |
3 | 24000 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 20069 | 2 |
0.135 | 269000 | 2 |
0.140 | 190282 | 3 |
0.145 | 82254 | 1 |
0.150 | 116746 | 2 |
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