all it needs is few drill hole, resources and reserves to production will be 3years. I agree with @Simonn
Now Market Cap= $50million
70 x $ 50mill = $3.5 Billion subject to Lithium Demand which will be strong for next 5years.
--> EV 10% of World Vehicle sales,this share is increasing to 30% by 2025
--> DEMAND FOR RACE TO BE GOOGLE of search engine, Facebook of Social Media in next 5years; adoption rate is key to winning this race.
For above reasons EV will sustain Lithium price
$0.39 x 70 = $27.3 per share
Approx $3.5Billion by 2024
Ann: Annual Report to shareholders, page-45
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Mkt cap ! $2.567M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.8¢ | $360 | 20K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 176525 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 1.8¢ | 71942 | 2 |
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| Last trade - 11.43am 07/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 1.8¢ | 1.8¢ | 1.8¢ | 1391 | ||
| Last updated 11.43am 07/06/2024 ? | |||||
| RAS (ASX) Chart |