I work with Michael and I think he's right on the money.
They need final permit to start building and do the others.
They need the deposit paid from Optimum Nano (delayed to EOM)
They need finance for the mine to be found by Lionergy or handed elsewhere.
They need to build the mine
They need to commission the mine.
The others mentioned need the same or more. AJM has the best off-take partners at this stage imo.
Why has AJM not gone up. No idea. Why is it's MC cheap in comparison. No idea.
That's the stockmarket. Things move in spurts and not always for good reasons. Traders care but LT investors look for LT value. Each makes their own mind up.
AJM Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
