Pretium produces 311,000ozpa with AISC of ~A$1,000 (US$743).
It sold for A$3.7b.
RRL paid A$903m for 30% of Tropicana valuing it at A$3b. Tropicana produces 500,000ozpa with AISC of 1,179.
That means at the current OzPOG of A$2,458, Pretium earns A$1,458 per oz for A$453mpa; while Tropicana earns A$1,279 for A$640mpa. Similar LOMs.
Conclusions:
1. In relative terms, Tropicana is worth nearly A$5b and RRL's 30% is A$1.5b;
2. RRL did not pay too much for their 30% interest in Tropicana;
3. I agree Hiepn2, RRL looks cheap.
https://themarketherald.com.au/newcrest-mining-asxncm-to-buy-pretium-for-us2-8b-2021-11-09/
Under valued, page-468
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$1.76 |
Change
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Mkt cap ! $1.325B | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.79 | $1.75 | $4.830M | 2.742M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 71476 | $1.76 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 1005 | 2 |
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