No offence to shimmer or HC traders for that matter but if you're equating EUC / MEI success to that- which you seem to elude to, I think you put way too much credit in this forum.
MEI is at about $38m MC fully diluted today, and SP was "gangbusters" because BMR has examples of over 10% grade cobalt / MEI has samples of those grades as well. And they are right next to each other. (Don't forget midrim too)
EUC channel samples and sulphides have 5%+ cobalt grades + waste dumps so far. (Don't forget the fantastic nickel present as well).
If you want to talk about overvalued market cap, look at the Australian cobalt plays with sub .2% grade cobalt and the need for massive capex in order to mine and process - trading at multiple 100's of millions. EUC and MEI economics are multiple factors better. EUC - $200m mc and MEI - $38m mc. Nah I think they are priced well at the moment. Especially considering the massive upside.
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $12.95M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 0.9¢ | $29.77K | 3.306M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 5364164 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 2593242 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 5247498 | 0.009 |
7 | 2577735 | 0.008 |
7 | 681712 | 0.007 |
5 | 1516833 | 0.006 |
3 | 1200000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 2593242 | 3 |
0.011 | 3055536 | 7 |
0.012 | 1128883 | 4 |
0.013 | 10000 | 1 |
0.014 | 187818 | 2 |
Last trade - 11.17am 15/08/2024 (20 minute delay) ? |
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