$1 SP implies a market cap of $244M. Hopefully your prediction comes true so I can back up the truck and load up.
FY24 $130M revenue from mining services. The industry median EV/Revenue multiple for Mining companies is around 2.4x ($130M x 2.4 = $312M EV) FY25 $200M projected revenue x 2.4 ~ $480M EV
Fully approved WL ($300M) Fully approved SS ($100M) PD lithium project and bunch of JV ($100M) $320M accumulated tax losses, $96M tax shield (bonus!) No serious debt (equipment finance secured loans only) Cash $37M
Intrinsic value ~$800M vs current market cap $500M. Therefore the stock's on sale! The low SP makes DVP be a prime take over target. Maybe zero premium merger with MAC and then a spin-out of DEV mining services as a separate entity?
DVP Price at posting:
$2.05 Sentiment: Hold Disclosure: Held
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