Don't be such a misery guts Ghost. Do a quick back of envelope calculations:
1. The company believes they have 4 million tonnes of LCE in ground
2. Today's price of LCE is US$7,000 per tonne
3. Multiplying 1. by 2. gives you US$28 billion
4. Divide this number by 2 to take into account production costs and you have US$14 billion
5. The price of LCE is likely to double or triple in the next two to three years. I'll let you do this calculation.
And the market cap of HWK is $40 million. Where do you think the MC is headed given the value of the resource? The answer is many multiples of today's closing price. The closing price per share of 3.9 cents is still very cheap IMHO.
- Forums
- ASX - By Stock
- AZL
- HWK Chart
HWK Chart, page-372
-
-
- There are more pages in this discussion • 899 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AZL (ASX) to my watchlist
|
|||||
Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $71.58M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.5¢ | $57.31K | 3.591M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
77 | 13087164 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 11615344 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
77 | 13087164 | 0.015 |
42 | 15700468 | 0.014 |
15 | 7145249 | 0.013 |
10 | 3248416 | 0.012 |
9 | 3695001 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 11615344 | 13 |
0.017 | 6580325 | 11 |
0.018 | 3224214 | 10 |
0.019 | 2508617 | 10 |
0.020 | 4180356 | 15 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
Featured News
AZL (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online