Yep - just keep in mind it's a CEO's job to be optimistic and upbeat.
FYI, here is a table showing some basic comparisons of JORC tonnage and NPV against market cap. It shows that the market attributes $7.29m of market cap for every MT of JORC tonnage (for LRS). We also currently trade at just over 14% of our $3.6bn NPV (seems incredibly low given we look very likely to be a Tier 1 deposit that will produce 2 years from now).
Producers like CXO and Sigma and near term producers like LTR have their spod valued at approx 2-3x what ours is (which theoretically leaves room for 200-300% market cap gains for LRS over the coming 12 months - assuming we hit timelines and assuming the world doesn't fall of a cliff and spot prices stabilise etc.
WR1 has the lowest valued spod (although it's probably because they didn't bother to report a JORC until now - currently in TH with JORC today or Monday).
Some explanatory notes: GL1's study shows $2.8bn NPV but was based on a $2,500 spod price. Within this study it suggests the NPV moves to $1.8bn if spod prices move 20% lower (which they have), so I record GL1 at $1.8bn NPV, AZS market cap is recorded on a 100% ownership basis.
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- Ann: Significant increase to JORC Resource at Salinas
Ann: Significant increase to JORC Resource at Salinas, page-157
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Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $518.2M |
Open | High | Low | Value | Volume |
18.0¢ | 18.8¢ | 18.0¢ | $1.230M | 6.659M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 3208042 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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18.5¢ | 4120 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 3194042 | 0.180 |
10 | 2076119 | 0.175 |
13 | 1511178 | 0.170 |
6 | 1836266 | 0.165 |
9 | 1597543 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 858 | 1 |
0.190 | 893057 | 7 |
0.195 | 1350333 | 10 |
0.200 | 2258106 | 13 |
0.205 | 568699 | 8 |
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