Projected profit higher than current market cap

  1. 271 Posts.
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    With the estimated NPAT, and putting a mining company multiple on the earnings, then the market cap should easily be between $220m and $800m, which means the share price could go to well over a conservative $5!! Sounds crazy, but the numbers don't lie. Not much could upset this you wouldn't think. Any reserve increase or further offtakes to take up the slack, or production savings, then this is going even higher.
 
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Currently unlisted public company.

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