2.6c gives a market cap of AUD$135M. P1 project NPV is AUD$280M. So its currently prices around 50% of NPV.
Take a look around the ASX, and compare where market caps are relative to project NPV. Think you will find this is undervalued.
Add in the fact some of those projects are only at PFS stage. This is DFS stage, with the expected news around multiple offtakes, and funding decision mid year....ie its further along the path.
Add in the fact the NPV does not take into account future potential such as P2 or licensing deals.
LPD Beautiful Chart, page-135
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0.2¢ |
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Mkt cap ! $17.17M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $29.70K | 15.03M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 125 | 273223390 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 32741268 | 5 |
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