Market Capitalizations comparisons are probably the simplest method of share price evaluations. Will only compare to those projects at similar stages who are not in production.
LTR - $587M
CXO - $87M
AVZ - $400M
PLL - $500M
INR - $460M
EMH = $176M
I think $450M is a baseline target to use at this point (49% project) although I expect the MC to be greater considering EMH project location, EU funding support, and is able to produce Carbonate and Hydroxide output. I believe KDR went for around $700M for 50% of Mt Holland and refinery. PLL is probably the better comparison to EMH for project comparisons.
Therefore EMH at $450M is approximately- $2.80.
Personally, if Tesla becomes involved in the mix - I expect a higher MC. Anything that gets associated with Tesla gets re-rated substantially that I have seen to date + low shares on issue + listed on soon to be 5 exchanges. Again the low number of shares on issues will drive up demand. for stock.
Haplo
2021 - The Year for EMH, page-27
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Last
40.0¢ |
Change
0.020(5.26%) |
Mkt cap ! $82.97M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 40.0¢ | 36.0¢ | $16.98K | 46.19K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14194 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 460 | 1 |
View Market Depth
| Last trade - 14.13pm 06/06/2024 (20 minute delay) ? |
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Last
37.0¢ |
Change
0.020 ( 0.96 %) |
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| Open | High | Low | Volume | ||
| 37.5¢ | 38.5¢ | 37.0¢ | 7899 | ||
| Last updated 15.03pm 06/06/2024 ? | |||||
| EMH (ASX) Chart |