Justin is a very tight, a shrewd operator. GM for $80m now two years back for no dilution...add Stellantis for $1 a share speaks to his shrewd capabilities in raising funds with minimal dilution.
Now we have NAIF and the US Gov for each ore & HPMSM alike. Hence it's down to patience. No point rushing at this point. With as little shares its obvious where the future profitability lies. Have been buying in the 20s as I believe its dirt cheap.
As for the potential of an ore business at 1.1m t per year (cycle proof) + an HPMSM business that is exponentially growing as EV battery life expands to the 1000 mile/km mark.
Butcherbird as a 100+ year mammoth resource expels current pricing inhibitions is my take. Just need patience. No pint rushing it. Let the funding fall as it may with as little dilution as possible. $10 as a future target given ore and HPMSM is not a pipe dream imo.
Ann: NAIF Completes Butcherbird Strategic Assessment, page-6
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Last
24.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $53.29M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.0¢ | 24.0¢ | $56.05K | 226.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6244 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 8163 | 1 |
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| Last trade - 15.45pm 19/06/2024 (20 minute delay) ? |
| E25 (ASX) Chart |