"I was hoping the JORC would set a floor in share price a market cap of $3m with 1.7m cash at bank seems crazy to value vanadium resource alone at 1.3m"
Mineral resource estimate of 490mlbs of V2O5 @ 0.3%
POW's 50% share at the current V2O5 price of US$8/lb makes that mineral resource worth just shy of US$2b and that does not include the uranium resource, the deposits at Miwon and Gwesan nor the V-KOR vanadium redox flow battery technology.
In my mind the US/North Korea, US/China situations, continued decline in V2O5 price combined with limited cash and a lack of news flow has seen a lack of interest in POW resulting in the share price slide. If no news is forthcoming this month then tax loss selling will also see further pressure on the share price towards the end of the month.
(20min delay)