FYI and EGR chart showing some correlation in recent times.
FYI Mcap $115m
EGR MCap $364m
Both have similarities, just some that I noticed:
WA focus Kwinana
German testwork and investment platform/interest
US work/market interest
Advanced pilot plants 3 years of work, with new technology in their chosen fields
A Spinks holding
Similar low SOI/tight register thinly traded. FYI slight lower with ~300m SOI
ESG friendly.
Similar number of shareholders ~2,500 going by annual report. Likely to have grown recently.
Poised for development.
EV Li-B thematic
Some recent interviews from Nov-Dec 2020
https://www.youtube.com/watch?v=Mq1ZUBJ92WE
https://www.youtube.com/watch?v=DErTapXc9-A
Chart correlations
6month chart with convergence on 25 January.
FYIs pullback from 50cents to mid 30s may represent a good opportunity to get involved/top up IMO.
5year longer term chart FYI is doing fine and still only ~$100m for being so advanced.
NPV @$543m US after tax. ($700m AUD) and may be revised up.
$500mCap is not uncommon in a buoyant EV market for companies with big futures. This would put value FYI SP at $1.66, well above current levels.
FYI and EGR chart showing some correlation in recent times. FYI...
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