I expect CHN to spend $12 to $14 million on costs, this year.
Which would leave them with $24-22 million at the end of the year.
The gold price would need to be around $1,300 otherwise the share price will tank below 10c.
So the best share price valuation BUY based on their cash, is $0.08c a share. So that's about 25% below the current share price.
Equally a good SELL price would be $0.13c a share this year !
Interesting times !!!
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Last
$1.38 |
Change
-0.010(0.72%) |
Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.37 | $604.7K | 436.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 18659 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 10406 | 12 |
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| Last trade - 11.39am 28/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |
