In genuinely believe that market has got ahead of itself on a few of these. Trigger point will be feasibility studies at that point a mine can be appraised not just a rescource estimate.
plenty of lithium deposits, and rate earths. The money will go to scalability and even then only when you can compare mine for mine not infered rescource.
it’s understandable for people to want to wait for the le paz digging in the west and the initial feasibility before moving on to doing the same with the new rescource.
we observe a level below 40 feels like value and above feels unjustified. People are speculating below 40 and being irrational (FOMO) above it, punting on good news. Good news sends this to 50 and it starts over again, with each bit of the next 3 bits of news ending with prelim feasibility, which could (maybe, not advising) edge towards a dollar, at that point the rescource has a value.
this is not advice, please make investment decisions based on your own views and research. I will.
In genuinely believe that market has got ahead of itself on a...
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Last
26.0¢ |
Change
-0.010(3.70%) |
Mkt cap ! $128.2M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 29.0¢ | 25.5¢ | $263.3K | 976.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 225843 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 19357 | 1 |
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| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
26.0¢ |
Change
-0.010 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 28.0¢ | 28.5¢ | 25.5¢ | 565072 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| ARR (ASX) Chart |