SBM, which is currently producing at a rate of 170Koz and a forecast to be producing 450Koz by year end, together with Resources of 10Moz and Reserves of 2.3Moz is today worth less than Andean Resources or only a tad more than Kingsgate.
But that is how the market is valuing SBM with a share price of 63cps.
You can't be serious!
You just can't be serious!!
NB: Moreover, in the next few weeks, we know that the R&R will increase significantly (See below)
"Reserves and Resources
The targeted update in Resources and Reserves for the March 2008 Quarter will now be incorporated into a more comprehensive revision of Resources and Reserves to be completed in the June 2008 Quarter, reflecting a change in gold price and long term mine production planning."
you cannot tell me that...
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Last
46.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $376.4M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45000 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 6060 | 1 |
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| Last trade - 16.16pm 01/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
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