Anyone have an informed view on realistic market cap expectations based on Utah?
LRV is ~$285m cap currently versus our $85m.
Given LRVs JORC is similar to the historic tonnage figure for Utah - does LRV’s market cap act as a natural limit for growth in market cap for TMG?
i.e. given LRV is closer to production and already has a DFS out + met tests + permits already under review, does this mean that TMG can only ever achieve a certain % of their market cap?
Or because we are in America, does this get viewed with a premium due to permit acceleration and potential subsidies + cheap transportation due to domestic processing.
TMG Price at posting:
9.3¢ Sentiment: None Disclosure: Held
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)