Hey guys this stock is massively undervalued. There is heaps more upside believe me.
Just compare SMM and MTN.
For $1 for SMM you will get $19.56 of uranium.
For $1 for MTN you will get $88.72 of uranium.
(Based on uranium reserves and number of shares)
You get four times as much uranium from MTN. To put this in perspective if you bought now, it would be like buying SMM at 15 cents and for MTN to be valued the same as SMM is now (.62) you would have to pay $2.40 (4 x 60). And this is easily possible.
Why? Because MTN is in a uranium friendly state. Theoretically, if you are going to base share value on risk, MTN should be worth more than $2.40.
mtn is worth $2.40 (based on smm price today)
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Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $5.707M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $4.522K | 1.520M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 95413290 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 14075113 | 19 |
View Market Depth
| Last trade - 15.48pm 30/05/2024 (20 minute delay) ? |
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Last
0.3¢ |
Change
0.001 ( 20.0 %) |
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| Open | High | Low | Volume | ||
| 0.3¢ | 0.3¢ | 0.3¢ | 330048 | ||
| Last updated 15.48pm 30/05/2024 ? | |||||
| NRZ (ASX) Chart |