We already know that there is some kind of deposit there, so worst case scenario is that it is only small.
ESS was recently valued at $135m with a deposit of only around 11Mt. I see that as a worst case scenario at the moment.
I believe that the current market cap is limited not by the fundamentals, but more by the recent share price history. Investors who bought at 10c are already sitting on a very nice profit. Their risk appetite is potentially going to be very low.
We already know that there is some kind of deposit there, so...
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Last
15.5¢ |
Change
0.015(10.7%) |
Mkt cap ! $10.31M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.5¢ | 14.5¢ | $12.04K | 80.24K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6153 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 25000 | 1 |
View Market Depth
| Last trade - 13.42pm 16/08/2024 (20 minute delay) ? |
| TG6 (ASX) Chart |