So Electric Royalties paid an approximate equivalent of AUD$1m for 1.5% royalty. Plus it gave their share price a 16% boost yesterday. Makes a $38m market cap for ADV now look positively anemic considering based on this royalty transaction the Lithium off-take is worth $65m to ADV (as things stand ATM). We all know that Lithium is going to price much higher in the coming months/years. ADV should be market capped around $100m IMO currently with the current Gold and Lithium tenement values combined. But of course the market can remain irrational a lot longer than we can remain solvent...
Ann: Presentation RIU Explorers Conference, page-33
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $8.44M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $12.40K | 89.30K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 39117 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 60275 | 1 |
View Market Depth
| Last trade - 14.13pm 14/06/2024 (20 minute delay) ? |
| ADV (ASX) Chart |