Using my ROM calculator (Rough Order of Magnitude) - Annual production 100,000 oz of gold, mine life 8 years, profit $90m (based on current price of A gold, 900m shares = 10c/share. using a low PE of 4 because of the short mine life = mature SP of 40c. Of a 4 stage mining life cycle CMM is between 2 and 3 (mine design and construction) and the project significantly de-risked, then the SP should be between 11 and 15c.
So who (and why) is keeping the SP at circa 7C and why was the current CR priced at 6.3c. Is CMM being prepared for sale/TO at a give-away price?
Unfortunately the new MD has only got about a week left to kick a gaol for the current shareholders.
Cheers
R1
Ann: Letter to Shareholders, page-24
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Last
$6.49 |
Change
0.050(0.78%) |
Mkt cap ! $2.397B | |||
| Open | High | Low | Value | Volume |
| $6.43 | $6.55 | $6.37 | $6.461M | 999.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2845 | $6.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.50 | 4682 | 3 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| CMM (ASX) Chart |
