tzn capitalisation low yes TZN have been serious with addressing environmental concerns - its listed on their website and is extremely thorough
its definitely going to go ahead, with mine decision in june. Slight 1 month delay from expected decision in may has gotten some holders worried - but in my opinion it just increases the certainty of it going ahead, as all the due process will be done better.
I expect about 2.20 or about $150M market cap, upon approval, which is in line with Jabiru Metals mkt cap a similar producer. Then i anticipate $300M mkt cap when it starts producing in 12 months time , assuming a PER of about 3-4x at current zinc prices(has stated earnings will be $100M per year), or about an 8x p/e at longer term zinc prices which is about right. ITs costs per unit are only 18cents per pound, so its a sustainable operation even at lower zinc prices. I'm assuming no earnings dilutions from share placements, which can alter my thesis.
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4.2¢ |
Change
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Mkt cap ! $88.89M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 200000 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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4.1¢ | 274000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 200000 | 0.030 |
1 | 211846 | 0.029 |
1 | 100000 | 0.027 |
1 | 25000 | 0.026 |
1 | 100000 | 0.025 |
Price($) | Vol. | No. |
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0.041 | 274000 | 1 |
0.042 | 14727 | 1 |
0.049 | 100000 | 1 |
0.050 | 256085 | 1 |
0.051 | 100000 | 1 |
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