A comparison table of the WCC deposit acquired by TMG vs other ASX antimony companies in Australia, looks like we have a long way up to go before we are at a fair valuation with peers.
TMG just acquired the project today yesterday so I don't expect an immediate jump to $100m market cap, rather taking a few weeks. We should see a quick jump to around 6-7c and even then we are undervalued to peers but as said.
A big key for me is the resource expansion given 6km of strike with many antimony mines along that strike that have not been drill tested, but mined at a high grade which proves the mineralisation is there.
We already know there are big people looking at this including specialist international hedge funds so just a matter of time before we get to double digits/10c +
ASX JORC Antimony At a Glance
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Last
4.9¢ |
Change
0.003(6.52%) |
Mkt cap ! $31.49M | |||
| Open | High | Low | Value | Volume |
| 4.6¢ | 5.2¢ | 4.5¢ | $2.968M | 60.54M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1662755 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 291825 | 3 |
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| TMG (ASX) Chart |