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.
- Forums
- ASX - By Stock
- HVY
- Price Action
Price Action, page-9
-
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HVY (ASX) to my watchlist
|
|||||
Last
8.8¢ |
Change
-0.004(4.35%) |
Mkt cap ! $5.831M |
Open | High | Low | Value | Volume |
9.1¢ | 9.1¢ | 8.0¢ | $28.67K | 331.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 8.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.9¢ | 5341 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 31000 | 0.080 |
1 | 50000 | 0.078 |
1 | 10000 | 0.075 |
1 | 40000 | 0.062 |
2 | 120000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 11029 | 1 |
0.094 | 3100 | 1 |
0.110 | 28571 | 1 |
0.120 | 550 | 1 |
0.125 | 24999 | 1 |
Last trade - 13.45pm 06/09/2024 (20 minute delay) ? |
Featured News
HVY (ASX) Chart |