Hi,
Please correct me if I am wrong.
I just looked at the Rubidium section of the announcement.
The report says that ARN announced a Rubidium oxide resource of 8,000 metric tons. (4.5Mt @ 0.17% RB2O).
1 kg of RB2O 99% is around US$8,000. The area is 200m times 200m where most of their Rubidium is located.
The Rubidium found on Askari's licence is found over an area of 2km times 2km. Most grades are above 0.17% up to 0.43%.
The likelihood that there is more than 8,000 metric tons with higher grades (and higher Lithium grades as an add on) is very high in my estimation.
I could not locate any other major resources at ARN and it has a market cap of double that of Askari.
Apart from being a JORC complying resource I have no idea why AS2 is trading at a so much lower market cap compared to ARN.
Looks to me that AS2 is undervalued and spring loaded.
This is no advice just my personal assessment. Can anyone tell me if I made any major error?
Thanks
K
- Forums
- ASX - By Stock
- Ann: High-Grade Spodumene Hosted Lithium at Uis Project, Namibia
AS2
askari metals limited
Add to My Watchlist
16.7%
!
0.7¢

Hi,Please correct me if I am wrong.I just looked at the Rubidium...
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
0.7¢ |
Change
0.001(16.7%) |
Mkt cap ! $2.829M |
Open | High | Low | Value | Volume |
0.6¢ | 0.7¢ | 0.5¢ | $5.624K | 938.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 5713911 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 1785654 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 5713911 | 0.005 |
5 | 3540000 | 0.004 |
4 | 4033336 | 0.003 |
3 | 2300001 | 0.002 |
3 | 2015000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 1785654 | 9 |
0.008 | 6674776 | 6 |
0.009 | 2812500 | 2 |
0.010 | 2740742 | 7 |
0.012 | 545262 | 5 |
Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
Featured News
AS2 (ASX) Chart |
The Watchlist
RML
RESOLUTION MINERALS LTD
Craig Lindsay, In-Country CEO
Craig Lindsay
In-Country CEO
SPONSORED BY The Market Online