Unfortunately I don't have rocks in my head when the company's own paid for research puts EUR "In full production"!!! at just 18c.
EverBlu research report paid by EUR. Everblu wk a month from EUR.ho received $10
8/12/16
We have used Enterprise Value (EV) per Li2O resource tonne of peer companies as the primary measure of our valuation methodology. Our valuation and share price target has been based on an expected resource previously reported of 16.9Mt @ 1.27% Li2O. This results in an EV of AUD59M at an average peer comparison value of AUD275/t, which translates into a market capitalisation of AUD64M after cash of AUD5M added. This is equivalent to AU.18 per share.
14,400,000 options to facilitators of the Placement which are exercisable at $0.25 (25 cents)
CR $4,000,000 and If I'm not wrong that's $3,600,000 in free options
Now we know why the share price is where it is.
Yip! About right! Ha!
Unfortunately I don't have rocks in my head when the company's...
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