@PovertyBoy , What you need to consider here is the technologies held by ECT.asx
ECT uses Lignite instead of met.coal to make steel... Humongous margins !!!
ECT makes steel at a fraction of the environmental cost of MODERN steel producers..... The market just doesn't believe it ! When the plant is built by 2 Multi Billion dollar companies they will be forced to eat humble pie and try to get in on the action.
ECT turns low calorific value (Energy) Lignite into a Black coal Equivalent at a cost that's a third the price of Black coal...... mega margins .
India has now become the Worlds 2nd largest steel producers and is undoubtable where the World is looking for the next growth story as 50% of Indias population is under 30y old ....
Yes ECT's market cap is low considering the deal offered by the Indians. IMO once construction starts ECT should have a $250mill market cap backed by the projects economics
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $9.515M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.2¢ | $418 | 168.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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46 | 23034540 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.3¢ | 8230582 | 8 |
View Market Depth
No. | Vol. | Price($) |
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46 | 23034540 | 0.002 |
21 | 26525034 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.003 | 8230582 | 8 |
0.004 | 9010488 | 12 |
0.005 | 5286335 | 28 |
0.006 | 5238567 | 9 |
0.007 | 2428333 | 3 |
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