Down down prices are down, page-18

13 thumbs up for that post?
Facts are ASN is not a producer,, so an EV is extremely important.
As both ASN and MAN are explorers, the EV comes in to plat, the lower the EV the more undervalued the stock imo.

ASN Ev = $80m , Cash on hand $22m vs MC $104m
MAN Ev= $8m, Cash on hand $15.3m vs MC $24m

This is what I am saying and until or if ever ASN becomes a producer, then Ev is important.

Hence why we are seeing the ASN share price fall and with an EV at $80m @8 cents per share, then I believe in my opinion ASN can fall lower .MAN on the other hand is not far off trading at cash backing, so grossly undervalued compared to potential of lithium brine and uranium projects MAN hold.

Just comparing two Paradox Basin explorers MAN and ASN from a financial fundamentals point of view

Hope that helps you understand the fundamentals of EV in the exploration space.