Yes.
And obviously I’m not suggesting the DVP SP will trade under $1. That hypothetical was more attributed to the other members remarks regarding rerates and timing.
But with regards to retraces in the Cu spot, well…demand won’t persist infinitely obviously. So there will be an absolute drop in the spot price of the commodity but, but, but when that occurs and by how much will then obviously dictate the amount that’ll be wiped from the company’s value.
Look at iron ore as an example and what that was trading at during the Covid years. I recall Strike Resources had a market cap of over 100mil when Fe was hitting those ATH’s. After the inevitable retrace in that commodity, that stock just as recent as earlier this year was trading at sub 10mil mcap.
Yes. And obviously I’m not suggesting the DVP SP will trade...
Add DVP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.11 |
Change
-0.100(4.52%) |
Mkt cap ! $511.9M | |||
| Open | High | Low | Value | Volume |
| $2.18 | $2.20 | $2.11 | $1.174M | 548.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1974 | $2.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.13 | 2316 | 1 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$2.11 |
Change
-0.100 ( 4.92 %) |
||||
| Open | High | Low | Volume | ||
| $2.18 | $2.18 | $2.11 | 106102 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| DVP (ASX) Chart |