I definitely dont think its priced in, maybe somewhat, but I would expect a nice rerate, as this project is wrapped and ready to go, the SML is the final piece in the puzzle.
Add to that, the current geopolitical situation, China - US tensions are only going to get far far worse.
The price of NdPr is only going to keep going up, there is plenty of RE concentrate outside China, not a lot of production to oxide/metal.
Add demand and supply !!!!!
China has already shown there hand regarding supply......
https://www.rfa.org/english/commentaries/energy_watch/rareearth-01292021101912.html
Demand is about to explode and supply will be going the opposite way.
Assets like PEK's that are CLEAN AND LEAN are worth a lot more than some of there peers, a LOT more.
The whole picture tells the story.
Based ony opinion and research.......
SML APPLICATION, page-4
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $32.17M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.0¢ | $171.1K | 1.614M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 936286 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 130374 | 1 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| PEK (ASX) Chart |