very strong in first half hour. This has to push higher! The Market cap of ~$20m is ridiculously undervalued and it can easily be $50m. They have a 9mt 64% FE resource with no major CAPEX for production. The licence is on a granted ML and has been mined before. A$50+ margin is my estimate with current iron ore price. They only need to produce 1Mt and that is $50 million.
do your own maths,, but this is a no brainer for me!
Ann: Strategic Alliance with Key Trucking & Logistics Provider, page-51
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Last
39.5¢ |
Change
0.010(2.60%) |
Mkt cap ! $274.3M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 39.5¢ | 38.0¢ | $607.3K | 1.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 69556 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 38158 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |