According to this report, raising the required capital at 80c (60/40 debt/equity split) to build would value SFX at $1.79.
A raise at $1 and the NAV per share goes to $1.98.
At this SP a JV would make the NAV significantly higher.
The major hurdle for SFX appears to be overcome. Next is Federal environment approval (state already done), sign off the NT and licence to mine (all pretty straight forward now).
After this, finance is really a "HOW?" Not an "IF?"
Still an insanely good buy IMO.
According to this report, raising the required capital at 80c...
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Last
19.5¢ |
Change
-0.010(4.88%) |
Mkt cap ! $118.4M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.8¢ | 18.0¢ | $25.49K | 129.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10009 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 2000 | 1 |
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| Last trade - 15.23pm 15/11/2024 (20 minute delay) ? |
| SFX (ASX) Chart |
