Current price is around $US260.
Maybe it rises, maybe it falls. No reason to believe either way. All that matters is that, at anything like current prices, this mine will spew out multiples of the current market cap every year.
I do think there might be banking issues what with the fall of the yen and rising bond yields so I suspect capital raises will be required but even so, this project has to be the best risk/reward the ASX has seen in a long time.
Ann: Fenwei Market Study Findings, page-10
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Last
26.0¢ |
Change
0.020(8.33%) |
Mkt cap ! $125.6M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 26.0¢ | 24.0¢ | $116.1K | 458.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 627849 | 2 |
View Market Depth
| Last trade - 15.27pm 14/06/2024 (20 minute delay) ? |
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Last
25.0¢ |
Change
0.020 ( 6.38 %) |
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| Open | High | Low | Volume | ||
| 24.5¢ | 25.0¢ | 24.0¢ | 72221 | ||
| Last updated 14.11pm 14/06/2024 ? | |||||
| AKM (ASX) Chart |