The company has a cash balance of $118M
The company has spent $95M on exploration
Even if for some reason IAU lose their contractual interest in the asset (and I am hoping that they don’t), it is most likely the JV partner will have to make good the exploration expenditure (and possibly some interest).
$118 + $95 = $213M > $199M (current mkt cap).
undervalued?
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Last
29.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $169.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6688 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 668 | 1 |
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| Last trade - 09.11am 10/09/2024 (20 minute delay) ? |
| A1M (ASX) Chart |
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