I'm not an expert on these things so maybe i don't fully understand the situation but just going by the numbers of 30+ Mt and average grades of +1.17%Li2O i thought PSC would be on a winner but the market doesn't agree.
I thought PSC results are comparable to GXY which is on a MC of 632 million and it has MT Cattlin @ 16Mt with 1.08% Li2O + James Bay @ 23Mt at 1.2% Li2O. True that GXY is close to production and has off take agreements etc, but i thought the response to PSC results would be much better.
There must be something i'm missing and I do worry for ADV.
ADV - General, page-83
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.439M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.5¢ | $419 | 3.104K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 63885 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 13433 | 5 |
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| ADV (ASX) Chart |