Good question!
It affects EV which is considered a more accurate method for valuing a company.
EV= MC+DEBT-CASH
Cash on hand spent on exploration activity defines a resource which leads to a MRE. Maiden Resource Estimate.
A MRE will give you a in ground value of resource which will rerate SP and put a firm value on the SP.
Next Is Financial Feasibility Study leading into financing the Mine project.
This can take a few years and most investors prefer investment periods of 12 to 18 months from discovery to avoid CAPEX of mining project and diminishing resources from mine production.
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Last
$16.45 |
Change
0.760(4.84%) |
Mkt cap ! $1.067B |
Open | High | Low | Value | Volume |
$15.40 | $16.71 | $15.26 | $4.950M | 306.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100 | $16.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.53 | 410 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 16.390 |
1 | 754 | 16.300 |
1 | 2000 | 16.200 |
2 | 598 | 16.000 |
1 | 946 | 15.890 |
Price($) | Vol. | No. |
---|---|---|
16.560 | 410 | 1 |
16.570 | 750 | 1 |
16.580 | 500 | 1 |
16.640 | 290 | 1 |
16.760 | 50 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
WA1 (ASX) Chart |
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
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