Lithium Street, page-91

First 91 Last

Share
Profile

Follow
RockstarJones

14,144 Posts.

520

07/11/23

07:40

Post #: 70759088
Share

Originally posted by longreach: ↑

Whilst no one wants to get too far ahead wrt how high GRE can go, it's still an interesting exercise, particularly knowing AZS is already trading at around a market cap pf $1.7 billion.

The advantage of GRE is its relatively low shares on issue, thus to get anywhere near AZS market cap the multiples from a current share price is huge.

If we consider the current shares on issue (including 13.21 million in escrow) ie
70,038,888 shares. Current share price $0.545, mkt cap $35 million. At a share price of $1.00 mkt cap only $70 million. At a share price of $5 = mkt cap $350 million. At $20 mkt cap $1.4 billion.

If we fully dilute shares for all unlisted options (they are now "all in the money"), ie
87,288,888 shares, plus $4 million cash received for their conversion:
At current share price of $0.545, a mkt cap of $43.6 million.
At a share price of $1.00 mkt cap = $87.3 million
At a share price of $5.00 mkt cap = $436.4 million.

Any indication that the surface spodumene extends at depth could easily push the share price to around $4 -$5 without an excessive impact on mkt cap.

Expand

AZS MC is 1.8 billion for a 60% share so the Andover deposit is actually currently valued at 3 billion when u include Mark Creasy’s 40%.

GRE Price at posting: 65.5¢ Sentiment: None Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Open: Local bourse tipped to trade red after same on S&P500

MHK

Metal Hawk shares sink -50% as gold drill results disappoint

WC8

Investors shrug as Wildcat's latest lithium drill hits fail to excite

SGQ

Traders watch with interest as St George Mining reveals REE hit

ASX Market Close: Index rebounds as investors buoyant | July 30, 2025

First 91 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 7.5¢		Change -0.005(6.25%)		Mkt cap ! $8.504M

Open	High	Low	Value	Volume
8.0¢	8.0¢	7.5¢	$9.221K	122.8K

Buyers (Bids)

No.	Vol.	Price($)
1	2898	7.3¢

Sellers (Offers)

Price($)	Vol.	No.
7.8¢	150437	3

View Market Depth

No.	Vol.	Price($)
1	2898	0.073
1	10000	0.071
2	105714	0.070
1	10000	0.068
2	128000	0.067

Price($)	Vol.	No.
0.078	150437	3
0.080	171592	4
0.083	21951	1
0.092	44581	1
0.094	50000	1

Last trade - 10.15am 31/07/2025 (20 minute delay)

GRE (ASX) Chart

Lithium Street, page-91

ASX Market Open: Local bourse tipped to trade red after same on S&P500

Metal Hawk shares sink -50% as gold drill results disappoint

Investors shrug as Wildcat's latest lithium drill hits fail to excite

Traders watch with interest as St George Mining reveals REE hit

ASX Market Close: Index rebounds as investors buoyant | July 30, 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Lithium Street, page-91

Top Stories

ASX Market Open: Local bourse tipped to trade red after same on S&P500

Metal Hawk shares sink -50% as gold drill results disappoint

Investors shrug as Wildcat's latest lithium drill hits fail to excite

Traders watch with interest as St George Mining reveals REE hit

ASX Market Close: Index rebounds as investors buoyant | July 30, 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News