I'm hearing you, BUT:
- they have a 8.5 yr mine life
- they have an NPV of ~$330M (GCY is ~$177M based on their website info.)
https://hotcopper.com.au/threads/no-brainer-folks.3954518/page-37?post_id=30425392#.WmklS9-WbIU
NST are right next door so you can see the play that's going on here.
I'm a GCY fan. The market is not pricing in Glenburgh. There's 750000 meters of drilling in progress for 2018 which will no doubt extend Dalgaranga LOM.
Btw, Hartleys in their Dec 2017 report gave GCY a 12month target NPV of $332Mm which gave a valuation of 0.86c (if I read it correctly). A the time of report, that was a 100% return.
There's money to be made here, there's money to be made in EAR.
Love them all but trust no one.
The Donald.
Really!!!!! comparable, page-5
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Last
$1.28 |
Change
-0.020(1.54%) |
Mkt cap ! $1.416B | |||
| Open | High | Low | Value | Volume |
| $1.31 | $1.32 | $1.28 | $4.141M | 3.191M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 196514 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 33512 | 1 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| SPR (ASX) Chart |