HI GOTAM nless you think a start up without earnings can aquire and develop assets without raising cash then of course there has been serious cash raising and dilution ( which I mentioned) which is reflected with shares on issue but that doesnt change the fact that anyone who bought shares in 2020 for 1c or less and did nothing now has those shares priced at 4.5c
The shareprice is just reflecting the value the market places on the assets that capital expenditure created.
It's largely about luck and timing , getting in early with a startup is where big money can be made but only if the company is successful.
One could argue that given we are only a few years into projects that have no particular end in site that we are still in the early stages but the % gains get harder once dilution increases shares on issue.
Cheers Whisky
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