ENV 0.00% 1.1¢ enova mining limited

ENV -Eagerly Waiting For Another World-class Discovery Near MEI's High Grade Zone, page-15

  1. 1,871 Posts.
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    I'm not one to watch share price action day in day out. What I know is this. Sigma and BYD are currently negotiating offtakes. Chinese interests including punters therefore has a level of focus in the area for raw materials if/when Chinese entities build their manufacturing and battery supply chain within the Americas, especially inside the U.S. to avoid tariffs etc.

    ENV is currently undervalued at AUD15M, not sure why (?) but our initial valuation is USD30-50M provided acquisition of Brazilian assets are finalised. All the projects surrounding ENV are already valued at much higher due to known spec.

    When I get to Mexico, I will get a better view where Chinese interests has their tentacles invested in. Further, where European and North American competitors are planting themselves in securing reliable supply and value chains.

    Traders will trade. Let them. I doubt very much Chinese investors and punters in particular who has access to ASX-listed companies, will blink twice to acquire shareholdings of a mining company currently only valued at AUD15M, poised to rival those with projects around them that are USD50M plus, to billions like Rio and Sigma.

    This is worth the investment or even a quick punt at these prices no matter how you look at it.

    Cheers
    Last edited by BRProject: 17/01/24
 
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