Jukieoz836, well done you are doing a magnificent job. Great post to Minister Ferguson. Might pay to correct your calculation (see below) if you forward on to anybody else, I think someone suggested Julia G......
Obtaining a resource valued at > $50Billion dollars in ground metal value for $20M would have to be the bargain of the century. Given the subsequent rise of the Rare earth basket prices by >570% since 2005 the theoretical value of Crown deposit must now be >$280 BILLION in ground value. $280B divided by $20M gives a multiplication factor of 1352 which certainly makes the current $20m valuation seem totally absurd.
eg. 280B/20M = 14,000 ie. factor of 14 thousand times the sell price, yes quite some bargain.
Keep up the good work jukie (we spoke on the phone a while back) kind regards wllmtrish
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Last
$6.94 |
Change
0.070(1.02%) |
Mkt cap ! $6.486B |
Open | High | Low | Value | Volume |
$6.94 | $7.04 | $6.88 | $23.17M | 3.335M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | $6.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.97 | 13052 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 6.930 |
3 | 29091 | 6.920 |
5 | 30926 | 6.910 |
6 | 28828 | 6.900 |
2 | 14432 | 6.890 |
Price($) | Vol. | No. |
---|---|---|
6.970 | 13052 | 3 |
6.980 | 14775 | 3 |
6.990 | 12282 | 2 |
7.000 | 21369 | 3 |
7.020 | 3000 | 1 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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LYC (ASX) Chart |