Running some ball park valuations for each of the 100% owned projects and their respective stages of exploration, please feel free to add or comment as these are based on experience and other project comparables on the ASX:
$100m+ Vanadium & HPA Aluminium, Victory Bore Project, greater than 3 billion pounds. PFS stage. Wouldn't be surprised if NPV comes out to be >$500m once PFS is finalized given current results.
$50m+ Iron ore high purity magnetite, Perenjori Project, exploration target of up to 1.2 billion tonnes, 70% Fe grades, exceptional.
$20m+ Gold, Yidby Project, early days of exploration but current hits of 39gpt at shallow depth is very promising and nearology play (Mt Gibson 30km south = 3m ounce project, other large projects around the area also).
$170m+ of total valuation at current stages vs current market cap of ~$32m (2.0c share price). I.e. 5x upside from current share price. Wouldn't be surprised to see this move substantially higher in the short term. Market discovering value.
SRN Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)