Correct, you only have to compare the MC of LYC to ASM. I think ASM is still significantly under valued.
ASM has far better potential. We have a mine, metals tech, and a potential for multiple metal plants across the globe.
LYC only digs the stuff up and does a bit of processing overseas. I also believe they made a loss in one of their recent Annuals?
Factor in the:
- $340m from the Koreans;
- $200m from the Aus Gov;
- The offer for the solar power for the mine;
- The scoping study to refine the CAPEX downwards;
- Access to cheap loans for the delta $$ for the mine construction.
On the above (very simplistic comparsion), I would be gutted if, as minimum, ASM did not get to the same MC as LYC.
Ann: Framework Agmt for 20% stake in Dubbo Project and Offtake, page-148
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Last
53.5¢ |
Change
-0.005(0.93%) |
Mkt cap ! $97.00M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 56.5¢ | 53.5¢ | $83.88K | 154.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 33328 | 53.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.0¢ | 25303 | 3 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| ASM (ASX) Chart |