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¢ | $33.60K | 474.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 216107 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.8¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 189708 | 0.100 |
1 | 10000 | 0.080 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 24000 | 1 |
0.110 | 8500 | 2 |
0.115 | 10000 | 1 |
0.120 | 32686 | 2 |
0.130 | 96000 | 3 |
Last trade - 14.43pm 27/11/2024 (20 minute delay) ? |
RWD (ASX) Chart |