To provide some real world context with a recent sale...
Glencore just sold their underground mine (Capable of producing 41kt to 49ktpa) for $1.1B USD ( $1.46B AUD).
Nifty will be producing 25ktpa. So for simplicity; even if we just straight up halve Glencore's value, that's a price of $730m AUD for Nity.
But this doesn't take into consideration that Nifty's open pit; so it has a lower risk and has a low ASIC. And that Nifty has substantially more resource. Nifty is a 30 year+ mine. Furthermore, it doesn't place any value on our other deposits which have the potential to become a second and/or third Nifty-like deposit.
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To provide some real world context with a recent sale...Glencore...
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Last
4.9¢ |
Change
-0.002(3.92%) |
Mkt cap ! $74.71M |
Open | High | Low | Value | Volume |
5.2¢ | 5.2¢ | 4.7¢ | $201.0K | 4.059M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 254850 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 12722 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 254850 | 0.049 |
5 | 600416 | 0.048 |
2 | 312765 | 0.047 |
3 | 280000 | 0.046 |
5 | 1378272 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 12722 | 1 |
0.051 | 738248 | 4 |
0.052 | 464008 | 3 |
0.053 | 1346576 | 3 |
0.054 | 700000 | 2 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
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