That $10 figure gives a market cap of $700 million, thats on the very conseritive side of what this is eventually worth. Do some peer comparison's you;ll be plesantly surprised.
On my figures they can make about $20 a tonne profit.
And Jury wants to mine about 18 million tonnes a year?
We still need to wait for the BFS to see if thats feasible, plus we need offtake agreements ect, the company is working on these things, but what if it is feasible??
Hmm work that PE ratio out and see what price it comes to?
All a fair way off but FMG was cheap once too.
RES Price at posting:
78.2¢ Sentiment: LT Buy Disclosure: Held
