Given there is roughly 600m shares, 5c would value the company at $30m (capitalisation) (rough round numbers)
I would think a nickel producer of 140t reserves could realistically be valued at $100m, divided by 600m shares = 16c approx (medium term)
My 2c (excuse pun!)
(DYOR)
HCY
halcyon group ltd
just how far will they rise, page-8
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