I think a valuation of about $150 million market cap is about right if they are out of debt by June.
They will need a lot of capital to advance some other projects and the world is on a turning point, there is another black swan event on the cards. If they could survive care and maintenance for 12 months I would buy but they simply dont have enough cash.
There are gold companies that were 5 cents in 2008 due to the gold correction that are now $1.50 and $1.3 billion market cap. I tend to think the whole world economy is on a turning point. Black swan events result in markets liquidating and a race to the bottom as in 2008.
I think a valuation of about $150 million market cap is about...
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Last
23.5¢ |
Change
-0.005(2.08%) |
Mkt cap ! $188.2M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.5¢ | 23.5¢ | $285.0K | 1.190M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 731422 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 39000 | 1 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
23.8¢ |
Change
-0.005 ( 0.21 %) |
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| Open | High | Low | Volume | ||
| 24.0¢ | 24.5¢ | 23.5¢ | 596509 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| TER (ASX) Chart |