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20.0¢ xtc lithium limited

I'm happy with 20c, that's me buying a house with an...

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Gibbo83

72 Posts.

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03/02/23

09:18

Post #: 66046558
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Originally posted by Sanami: ↑

@elija and @Boom69

it's very important for yourself and the sake of this forum to wrap your head around the relationship between Market Cap and Share Price.

Market cap refers to the value of the company. The share price represents slices of the pie. XTC has many more slices of the pie than LKE, around 4 times as many in fact. So talking about and equating our share price to theirs is not a helpful exercise.

Put simply, if XTC share price was 80c, our market cap would be $4.5B which is 4 times larger than LKE, whom have a market cap of $1.1B. This is not a realistic expectation if you are using LKE as a benchmark.

For us to achieve parity with LKEs market cap, our share price would sit at around 20c.

In my view that is more than enough bags to celebrate.

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I'm happy with 20c, that's me buying a house with an ocean view from my bedroom.
Let's get this thing running (drilling) at least.

XTC Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

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