Remember Sandstorm bought Hod Maden for A$800M on 100% basis. Hod Maden 9Mt @ 12 g/t AuEq. That was during cycle lows and Sandstorm paid for a minority (non-operating) interest. Hod Madens recent PFS shows NPV5 US$1.1Bln (A$1.5Bln) and after-tax IRR 50%. High quality projects like this get picked off for roughly 60% of NPV. Advantage here is Vares projects are brownfield and amenable to low cost open-pit mining so economics may be even better. Do the math, the current valuation is a STEAL.
Ann: Adriatic Intercepts Highest Grade Drill Hole Assay, page-37
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Last
$4.17 |
Change
0.040(0.97%) |
Mkt cap ! $918.1M | |||
| Open | High | Low | Value | Volume |
| $4.15 | $4.20 | $4.14 | $900.3K | 215.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $4.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.20 | 61737 | 7 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| ADT (ASX) Chart |
