We already know that there is some kind of deposit there, so worst case scenario is that it is only small.
ESS was recently valued at $135m with a deposit of only around 11Mt. I see that as a worst case scenario at the moment.
I believe that the current market cap is limited not by the fundamentals, but more by the recent share price history. Investors who bought at 10c are already sitting on a very nice profit. Their risk appetite is potentially going to be very low.
Ann: Expanded Lithium Soil Anomaly at Lake Johnston, page-106
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Mkt cap ! $14.22M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.5¢ | $55.69K | 278.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19483 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 24226 | 1 |
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