Curious to understand the valuation on this stock.
In today's announcement WHC has sold a 10% stake in Maules Creek (a mine in development) for $375 million. Would this not value Maules Creek at $3.75 billion of which WHC currently has 85% (before this sale)?
Interstingly, WHC has 5 producing mines and 2 mines in development yet the whole market cap for the stock is $3.9 billion.
It just does not make sense????
valuation
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Last
$8.02 |
Change
0.020(0.25%) |
Mkt cap ! $6.709B | |||
| Open | High | Low | Value | Volume |
| $7.97 | $8.08 | $7.95 | $36.12M | 4.503M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 39112 | $8.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.03 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
$8.04 |
Change
0.020 ( 0.85 %) |
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| Open | High | Low | Volume | ||
| $7.97 | $8.08 | $7.96 | 1086095 | ||
| Last updated 15.59pm 29/05/2024 ? | |||||
| WHC (ASX) Chart |