Yes you have to take your hat off to the quality of this management team in their very prudent approach to exploration.
With over $9 Million cash in the bank and a MC of only $43Million we appear to be significantly undervalued considering the quality of the ground VSR has and the potential of not only a Rare Earths resource but also a Lithium resource that is very close to surface.
Lithium assay results from Phase 1 drilling due any day now.
Could also see an update from Phase 2 Lithium drilling drop any day now. I note ZEU just released an announcement today on their drilling next door.
We should be trading back around 12c on expectation of positive Lithium results.
Ann: Excellent Initial Metallurgical Results for REE Clays at Neo, page-13
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Last
1.3¢ |
Change
-0.001(3.85%) |
Mkt cap ! $6.070M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $28.81K | 2.386M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 529366 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 848788 | 3 |
View Market Depth
| Last trade - 15.49pm 23/08/2024 (20 minute delay) ? |
| VSR (ASX) Chart |