Its quite simple if you werent so Naive.
Avg Basket price $1515
Opex sub $500
Round off to $1000/Tonne to keep it simple
40,000 tonnes pa = $40m USD, convert this to AUD lets $1.5 conversion rate. gives you $60m AUD
PE10 $600m MC
$250m would still be undervalued.
Lets go a step further and scale up of the plant of the additional 20k tonne pa
$90m USD
PE 10 $900m MC
- This doesnt include scale up further with tenements in all directions of the Pit.
- This doesnt include other projects which include, Gold prospects in Scotland and Tanzania around the corner.
So yeah id say $250m MC (30c share) is severely undervalued.
Times that by 4, that would be true value. This stock is a screaming Buy, uneducated investors will miss the boat, its a given.
Its quite simple if you werent so Naive.Avg Basket price...
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10.5¢ |
Change
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Mkt cap ! $70.48M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.0¢ | $65.81K | 626.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 306015 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 125500 | 2 |
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