MickeyDundee,
It is hard to put a market cap target on NAE but as a guide I am working off a $100/tonne cash margin on 250ktpa coking coal for two years. That has the potential to generate $50m in cash flow (before tax)to NAE. If that is compared to the current market cap of $18.9m fully diluted, then I think the case for a re-rating once the path to production becomes clearer is a valid one. Hope this helps.
Cheers
Aksier.
valuation question, page-3
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.175M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $6.18K | 1.536M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1207245 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 25327472 | 24 |
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| Last trade - 14.53pm 12/07/2024 (20 minute delay) ? |
| NAE (ASX) Chart |