The company market cap is $13mil. here's a quote from the latest Beers Report:
"The cashflows shown in Figure 1 generate an NPV of $A 127m one the DFS is completed. Beer & Co assumes that DRX sells 49% of the 94% equity stake it holds in the Cyclone project, leaving DRX with a 45% stake. Beer & Co assumes that is stake is sold at a discount to the NPV, but that the value of the stake pays for the equity required by DRX to develop the Cyclone project. "
So that's where DRX's funding of the project comes from and we're left with 45% of NPV $127mil. $57mil...with all our other assets.
Looks undervalued to me.
The company market cap is $13mil. here's a quote from the latest...
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Last
2.4¢ |
Change
-0.001(2.04%) |
Mkt cap ! $125.2M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.5¢ | 2.4¢ | $133.5K | 5.562M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1215834 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 2044828 | 4 |
View Market Depth
| Last trade - 15.51pm 18/11/2024 (20 minute delay) ? |
| DRX (ASX) Chart |
