EGR 2.22% 9.2¢ ecograf limited

$1 Party

  1. 17,606 Posts.
    lightbulb Created with Sketch. 1358
    Ok - now that the dust has settled from this morning's rush, lets take a step back & discuss when we think we will get to 116m Mkt Cap ($1)

    My fav slide in the company presentation is slide 23 - it compares KNL with its peers with respect to resource size & flake size.

    There are only 2 stocks with binding off-take agreements on that slide, KNL (61m mkt cap) & LMB (108m mkt cap). However KNL has twice the resource base at the moment (before imminent upgrade) and also KNL has the majority of it's resource defined as large flakes (LMB doesn't know what it has yet)

    We then compare to TON - albeit it has a fraction of the resource (at the moment), it actually has MORE large flakes than TON

    IMO we will see $1 this week as the mkt re-rates this gem
 
watchlist Created with Sketch. Add EGR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.