No IR1 is not going bankrupt.
However the SP is heading to 10c which would equate to a $13mill MC. That is what a lithium explorer with a half decent project that is currently not economic is worth.
LLI, CY5 - Both decent tenements - Both $10 mill MC. I give IR1 a 30% higher MC compared to them because IR1 - Beecher is on existing mining leases which is a positive.
Really hard to see this recovering anywhere near the previous highs. A $80 mill MC would be a huge rebound which could only happen on new exceptional drill results at Beecher and Tin Mountain. Which is still only around 70c at current dilution.
The previous $180 mill MC was heavily over priced in a lithium pump.
"When the tide is out you can see who is swimming naked" - @ $180mill MC IR1 was swimming naked for sure.
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $24.30M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 18.0¢ | $19 | 105 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 41718 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 106083 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 41718 | 0.170 |
5 | 76462 | 0.150 |
1 | 7142 | 0.140 |
1 | 25000 | 0.135 |
1 | 2000 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 106083 | 2 |
0.200 | 15000 | 1 |
0.210 | 4000 | 1 |
0.225 | 5679 | 3 |
0.240 | 10000 | 1 |
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