When you are backed by government for almost full build costs, and a revised DFS on the horizon that is likely to see an NPV of well over $1b....take a look at recent runs by lithium mines in 2021 will market caps 2-3x their NPV and 4 years away from production.
IMO fairer value for RNU stage of the cycle now sits at 50c due to graphite shortage/blue sky. Wouldn't be surprised if this re-rates towards this price over the coming months
Ann: Australian Government Conditionally Approves A$185m Loan, page-121
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Last
9.8¢ |
Change
0.005(5.38%) |
Mkt cap ! $249.0M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 10.0¢ | 9.3¢ | $831.2K | 8.461M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25900 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RNU (ASX) Chart |