I've been following BNR for a while but regrettably haven't bought enough. Is BNR still cheap, or are we approaching fair value?
Back of the envelope calculations suggestion cash flow of $3.6m per year (6,000 ounces x $600/ounce). This puts BNR on a P/E of 2.7, although a hefty discount is warranted given the short mine life.
This obviously doesn't account for increased plant throughput (potential for 200,000 tpa), increased resources, and higher than expected grades.
I've been following BNR for a while but regrettably haven't...
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Last
4.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.33M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30422 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 200000 | 1 |
View Market Depth
| Last trade - 16.12pm 27/11/2024 (20 minute delay) ? |
| BNR (ASX) Chart |
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