The first tweet was referencing the Supply side of the equation, which is where Kalkaroo/ HAV comes in.
At a MC of $60M, HAV remains undervalued by the market. Accordingly, HAV is highly leveraged to a reversal of sentiment by the market, when that eventuates.
By way of comparison, the last four broker research reports for fellow SA copper explorer RXM (May/ June 2024) have an average price target for RXM of $0.84 (high $1.01, low $0,65), which would put its MC at $633M (currently $207M).
ICYMI below is a comparison table prepared by CYM, which includes Kalkaroo and Hillside:
DYOR
Ann: Australia's Next Great Copper Region Presentation, page-17
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 (20min delay)
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Last
20.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.14M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 20.5¢ | $29.94K | 143.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 103196 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 11750 | 2 |
View Market Depth
| Last trade - 15.34pm 02/10/2024 (20 minute delay) ? |
| HAV (ASX) Chart |