New investor:
I am just wondering how a market cap of $800M can be maintained (or even increased as many here hope), on a project with a projected NPV of $407M.
Yes, we have $100M cash in the bank, and ever-expanding reserves to bolster the DFS, and increasing spot prices...
but what am I missing? Where is the support for proposed $1 share price (did I even read someone suggest $10??)
Thanks for your comments.
NPV vs Increasing Market Cap
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Last
$2.98 |
Change
-0.035(1.16%) |
Mkt cap ! $8.804B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $40.72M | 13.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 52169 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 228525 | 51 |
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| Last trade - 13.10pm 10/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |