as a holder/past holder of both (used to own HIO - on sidelines for now), ur analysis is v poor. enterprise value is what matters (to compare apples to apples)
GRR has almost ~$550m (95% of its mkt cap!!) in CASH. so enterprise value is a mere $50M at best. cash+rec'bles at June were @ $500m (CASH!!!)....add a qtr production....ill let u do the sums....we are practically like for like enetrprise wise, yet GRR is established, operational and doesnt have a $2bn OVERHANG....
chalk n cheese mate.
good luck getting funding.....$2bn isnt pocket change. it comes in the form of MEGA dilution or worse, a chinese takeover and they never bold well for any1.
will vouch for the economics of HIO, yes, blows GRR outa the water - no questions. but HIO is scrtaching its head right now while GRR is getting on with BUSINESS and rolling in...well, u know, what u guys need most...
gltah
Warning: this 9c share may only be worth $4 if the price of iron ore slumps to $100, page-35
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.34M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 2.0¢ | $12.50K | 595.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1640000 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 160137 | 1 |
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| Last trade - 15.40pm 02/08/2024 (20 minute delay) ? |
| HIO (ASX) Chart |