No I meant $30,000,000 pa. They 'should' earn AUD$4-6m from SPP this year. If they can get another 3-4 of these going then they may receive conservatively $15-$20m pa in total. This is what they have stated they have actually commenced the planning process for. They have 1 going so they have shown they can do it.
Then if Indo can start their aim is 20,000 oz pa. You can do the maths on our 50%.
I am not saying they will get this done. Lots can go wrong and mostly do. But they have actually made a start in SA and it is now for me conceivable that they could get a few more small mining projects underway.
What would SA then be worth for a buyer?
Indo is more uncertain but they are trying new ideas. Just hoping this new mob has the right connections. If they do it will be much more than the cherry on top.
we should see over the next few months that we have the revenue to push these projects through harder.
These are the reasons that I am still into this company. I am watching over the next 6 months but admittedly my finger is never far away from the sell button if it turns turtle. But very happy days if they can find a way to make it all happen.
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Last
1.2¢ |
Change
-0.002(14.3%) |
Mkt cap ! $40.66M |
Open | High | Low | Value | Volume |
1.4¢ | 1.4¢ | 1.2¢ | $27.33K | 2.109M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 4737266 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 674741 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 151538 | 0.009 |
7 | 3588613 | 0.008 |
2 | 1409048 | 0.007 |
2 | 2142999 | 0.006 |
3 | 1400000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 2172152 | 5 |
0.011 | 390000 | 2 |
0.012 | 3000000 | 2 |
0.014 | 1000000 | 1 |
0.015 | 1000000 | 1 |
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