*Yes i know no one on earth is going to be buying 26m tons Rutile in 1 sitting.
*Yes i know that 20X dilution is unrealistic, as you could ramp up, using mine profits instead of having to get new investors.
*Yes i know the graphite is not bottom grade and is worth more
*Yes i know this is duel listed in UK.
*Yes i know it will take 1-5 years to get a decent plant going there
All that being said, would anyone like to comment about the dynamics of stock prices (market caps) VS mineral deposit values?
Maybe i am fundamentally off the mark. But I expected that the shares Market cap would be worth some percentage of the Mineral deposit's value. (And yes i know 1.16% technically is a percentage. But i was expecting a percentage more like 20% or something)
Maybe an answer like this would be fantastic:
"I know stock ABC, They also had an easily accessible deposit of a currently scarce material. And their market cap hovered closer to around 50% of their mineral deposit's value" So indeed this current situation is strange"
Or an answer like
"No dude you are way off, With mining events that are like 5 years off, you are lucky that the market cap is as high as it is today"
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*Yes i know no one on earth is going to be buying 26m tons...
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Last
56.5¢ |
Change
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Mkt cap ! $309.6M |
Open | High | Low | Value | Volume |
55.0¢ | 57.0¢ | 55.0¢ | $182.3K | 328.1K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 52281 | 56.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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56.5¢ | 45287 | 1 |
View Market Depth
No. | Vol. | Price($) |
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3 | 52281 | 0.560 |
1 | 3300 | 0.555 |
2 | 10600 | 0.550 |
1 | 3000 | 0.545 |
3 | 9900 | 0.540 |
Price($) | Vol. | No. |
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0.565 | 45287 | 1 |
0.570 | 24300 | 2 |
0.575 | 15000 | 1 |
0.580 | 55173 | 5 |
0.585 | 24000 | 2 |
Last trade - 13.27pm 27/05/2024 (20 minute delay) ? |
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Last
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Change
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Last updated 13.51pm 27/05/2024 ? |
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