yep. A 50% increase in the last month off of lows, but only a 9.5% increase in the last 3 months during which lithium companies have been running hard.
If we look at the updated 3 month performance of the lithium companies that I posted on Monday:
* VUL +455%
* SYA +400%
* CXO +330%
* PLS +206%
* GLN +179%
* AVZ +147%
* AGY +136%
* LPD +125%
* INF +116%
* GXY +115%
* LIT +94%
* LTR +64%
* MIN +58%
And again: ESS just 9.5%
That’s what amazes me. We still have a lot of catching up to do to the others.
The average 3 month gain of the companies above is 186.5%. Should ESS achieve that average then that’s a SP of 30.3c.
The lowest of the companies above is MIN at 58% in the last 3 months. Should ESS equal the lowest that’s still a SP of 16.5c.
And if we lowball ESS against the others and say only a 25% increase in 3 month is on offer, we still get 13c
So IMO anything under 13c is a steal.
In this current lithium climate I think a $40mil to $50mil MC minimum is fair for this company, which is a SP of 20c - 25c
IMO
GLTAH
For those interested, below is a link for performance of lithium prices. Prices have been going gangbusters the last 6 months, resulting in Li companies going gangbusters too. ESS has had to chase the Lithium train down but I think we might finally be on board
http://www.asianmetal.com/LithiumPrice/Lithium.html
- Forums
- ASX - By Stock
- ESS
- Ann: Quarterly Activities Report
Ann: Quarterly Activities Report, page-14
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ESS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online