Its all about relative risk-reward here.
Does SXG have pilot plant? Does it have even maiden MRE? Has it done metallurgical studies? Has it done PFS? Does it have any off-take agreement in place?
The answers to all of the above questions is a big NO. And the market cap is $400mil and in fact was more than $650mil a couple months ago. I can throw you a few more examples but I won't.
So you are telling me BEZ has risks and other projects have no risks? You must be joking right?
HIO went from 7.5c to $1.05 before it dropped but you forgot to mention that. You only remember it dropped from $1.05 due to its management abandoned its 20mtpa DFS which no one can foresee, not you, not me, not anyone.
It is all about risk-reward.
You are probably waiting for BEZ to be in production to make it a compelling investment for your like. That's OK. But it won't be under $2 sp when it is in production that is for sure.
Whatever.
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Last
8.9¢ |
Change
-0.006(6.32%) |
Mkt cap ! $36.97M |
Open | High | Low | Value | Volume |
9.5¢ | 9.5¢ | 8.9¢ | $19.35K | 213.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 68181 | 8.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.7¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 68181 | 0.088 |
1 | 7000 | 0.085 |
1 | 59524 | 0.084 |
1 | 35282 | 0.083 |
3 | 127229 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.097 | 100000 | 1 |
0.100 | 9000 | 1 |
0.105 | 166482 | 4 |
0.110 | 121750 | 4 |
0.115 | 132426 | 3 |
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