I tent to agree logically the market market does not always follow such path.
One of the two miners mentioned in my original post is valued at roughly 70% of reserves they have. Can't remover which one.
In this case investors either have over valued the coy or believe that life of mine can be extended by further discoveries.
Valuating LOM on foretasted producted 40,000 bcm, page-79
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Last
5.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.50M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9823 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.1¢ | 15000 | 1 |
View Market Depth
| Last trade - 16.12pm 21/08/2024 (20 minute delay) ? |
| LOM (ASX) Chart |
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