The spot price for NEWC is around $160 now, which is causing some concern among investors.
The way I look at it though is that every $1 above the price of NEWC now, has a 20% minimum royalty and is pure profit so 30% tax liability. Please not I am using rough figures.
My point is that TER will be making strong profits with NEWC hovering around the current price as each $1 above our cost per tonne and under $175 is where we make the most coin.
TER UNDERVALUED FAIR VALUE $1.20, page-796
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Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $168.2M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.0¢ | 21.0¢ | $243.3K | 1.137M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 714455 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 74817 | 4 |
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| TER (ASX) Chart |