this is all educated speculation the uranium asset split to understand its current true worth if a offer comes imo its best to compare peers value similar or as close in size similar jurisdiction and conditions ( difficult )
in the last 3 years the spot price of uranium has tripled most asx miners with a resource have increased in value in somewhat same time yet toro has somewhat decreased in value in the same time even accounting for the the ban I think toro is $100m undervalued as it currently stands the comparison to peers on the asx with no mines
Bky similar size resource mining bans Spain current market cap $127m cxu about a third of toro in resource mining ban WA market cap $52m
age about less than half of toro SA ok mining market cap. $250m bmn about double of toro Africa ok mining market cap $600m Dyl more than double Africa & Australia oh mining market cap $1.2b
Just a thought imo
TOE Price at posting:
48.5¢ Sentiment: None Disclosure: Held
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