Cancet is a company maker on its own but the masses have been obsessed with the race to production between PLS, KDR, TAW and AJM as well as size (AVZ and KDR).
While production and size are massive factors, they do not necessarily mean that the stock is cheap or offers the best investment returns short term or long term.
The best returns depend to a large extent on the market cap at the time of investment. MTC’s market cap is tiny.
Since the above stocks all re-rated last year and MTC has had little attention, there is a very good chance that it too will re-rate on good drilling results from Adina, not to mention strategic investor news and BCC completion.
Decent grades at Adina shouldn’t be an issue:
“100%-owned Adina Lithium Project where the Company has identified an approximate 350m x 2km outcropping pegmatite with high grade lithium mineralisation at surface with assays up to 3.12% Li2O”
Opinion only, not advice, dyor etc
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- Ann: iCobalt Appoints VP Exploration and MTC Priority Record Date
Ann: iCobalt Appoints VP Exploration and MTC Priority Record Date, page-69
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.61M |
Open | High | Low | Value | Volume |
13.0¢ | 13.5¢ | 13.0¢ | $33.78K | 256.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 46000 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 46000 | 0.130 |
5 | 233610 | 0.125 |
8 | 444772 | 0.120 |
2 | 39000 | 0.115 |
3 | 97099 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 100000 | 1 |
0.145 | 29728 | 2 |
0.150 | 24418 | 2 |
0.155 | 60000 | 1 |
0.160 | 31250 | 1 |
Last trade - 12.39pm 18/10/2024 (20 minute delay) ? |
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MTC (ASX) Chart |