Yep - agreed. Good quarter with everything pointing in the right direction. I think we are starting to see what this company could become. Once the capex cycle is over (shortly), then free cashflow can be directed towards their debt.
It won’t take very long at 7mtpa with a $10 margin to clear it all then it’s a 10+ year mine life of very decent cashflow.
Once its derisked a bit more and in about 12 months, surely its worth a few hundred millions dollars of market cap.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3
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Last
4.3¢ |
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Mkt cap ! $250.1M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.4¢ | 4.2¢ | $520.8K | 12.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 348837 | 4.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 4.4¢ | 1875428 | 8 |
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| Last trade - 15.55pm 27/05/2024 (20 minute delay) ? |
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4.3¢ |
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| Open | High | Low | Volume | ||
| 4.2¢ | 4.3¢ | 4.2¢ | 6720379 | ||
| Last updated 15.52pm 27/05/2024 ? | |||||
| MMI (ASX) Chart |