Yes and no. That resource might get a big upgrade and the margins will probably improve greatly, but you're dividing up the whole resource into a dollar value today and it doesn't work that way. Yes, I think it's worth at least $1 billion when extracted, over the whole life of the mine (which is 10 years?). But, I think it will be more like $100 million per year, in which HXG should be making at least $50 mil and running on at least a 3-5x multiple.
However, there is also the potential for a resource upgrade and improved margin for 5 N's and specific end uses (up to $15-20k a tonne). I suspect that a resource upgrade will probably add more to the life of the mine than the annual output and increase enterprise value more than annual profit. But it may push it towards a 5-7x multiple, where they could easily be making $50 mil to $250 mil per year based on the 5 N's quality.
Could be worth anywhere from $250 million to $1.5 billion.
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Yes and no. That resource might get a big upgrade and the...
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Mkt cap ! $11.79M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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4 | 374622 | 2.1¢ |
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No. | Vol. | Price($) |
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1 | 100000 | 0.024 |
2 | 386221 | 0.023 |
2 | 147000 | 0.022 |
5 | 1217500 | 0.020 |
2 | 54368 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 498695 | 1 |
0.026 | 289259 | 4 |
0.027 | 396549 | 3 |
0.028 | 281127 | 2 |
0.029 | 50000 | 1 |
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