Don't be such a misery guts Ghost. Do a quick back of envelope calculations:
1. The company believes they have 4 million tonnes of LCE in ground
2. Today's price of LCE is US$7,000 per tonne
3. Multiplying 1. by 2. gives you US$28 billion
4. Divide this number by 2 to take into account production costs and you have US$14 billion
5. The price of LCE is likely to double or triple in the next two to three years. I'll let you do this calculation.
And the market cap of HWK is $40 million. Where do you think the MC is headed given the value of the resource? The answer is many multiples of today's closing price. The closing price per share of 3.9 cents is still very cheap IMHO.
HWK Chart, page-372
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Last
2.0¢ |
Change
-0.002(9.09%) |
Mkt cap ! $89.47M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 1.9¢ | $63.75K | 3.165M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 291133 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 2171592 | 7 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| AZL (ASX) Chart |