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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Last
5.4¢ |
Change
0.002(3.85%) |
Mkt cap ! $3.4M |
Open | High | Low | Value | Volume |
5.3¢ | 5.4¢ | 5.3¢ | $3.065K | 56.99K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 23840 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.053 |
1 | 117980 | 0.051 |
2 | 29940 | 0.050 |
1 | 20000 | 0.047 |
1 | 20000 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 23840 | 1 |
0.055 | 31746 | 2 |
0.057 | 85000 | 1 |
0.064 | 3409 | 1 |
0.067 | 57000 | 1 |
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