RWD 12.5% 7.0¢ reward minerals ltd

Danikali's mkt cap is >3x Reward's market cap. Yet look at how...

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  1. pkn
    368 Posts.
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    Danikali's mkt cap is >3x Reward's market cap.

    Yet look at how identical the production, capex and opex is between these two companies:

    Column 1 Column 2 Column 3
    0   Reward Danakali
    1 Production pa 400,000 t 425,000 t
    2 Capex US$256m US$261m
    3 Opex US$263/t US$255/t
    4      
    5 Mkt Cap A$56m A$176m

    Also worth noting that Danikali shareholders own only own 50% of the project.
    So RWD's share price should be at least 6x it's current share price if it:

    - publishes a DFS
    - secures JV partner for financing.

    A JV partner would place a higher value to the lower sovereign risk you would think as well.

    If it can do all these things by year end then a share price closer to $2.50 should not be out of the question as some have suggested.
 
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Last
7.0¢
Change
-0.010(12.5%)
Mkt cap ! $9.114M
Open High Low Value Volume
7.5¢ 7.5¢ 7.0¢ $33.60K 474.8K

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No. Vol. Price($)
3 216107 7.0¢
 

Sellers (Offers)

Price($) Vol. No.
7.8¢ 100000 1
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Last trade - 14.43pm 27/11/2024 (20 minute delay) ?
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