COMPARISON
The best ASX comparison is Iris Metals – IR1 which is also in the Black Hills, South Dakota. IR1 is trading at $1.80/$180M Market Cap compared to a 20c/$17M Market Cap to PAT (with $10M in cash). IR1 has enjoyed a stellar run in 2022 from 30c to intraday highs of $2+.
The demand for Lithium remains strong with a supply deficit expected to continue well towards 2025 - 2030 and geopolitical uncertainty meaning the US is looking to create its own domestic supply of Lithium just as it did for Oil during the shale boom. We feel this is just the start of a similar style boom in US Lithium exploration/production (like what happened in the Eagle Ford Shale, Texas) and there is significant opportunity for first movers.
COMPARISON The best ASX comparison is Iris Metals – IR1 which is...
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 (20min delay)
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Last
8.3¢ |
Change
-0.010(10.8%) |
Mkt cap ! $6.474M | |||
| Open | High | Low | Value | Volume |
| 8.6¢ | 8.6¢ | 8.3¢ | $4.804K | 56.83K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2176 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.9¢ | 62449 | 1 |
View Market Depth
| Last trade - 11.21am 08/05/2024 (20 minute delay) ? |
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Last
8.8¢ |
Change
-0.010 ( 6.02 %) |
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| Open | High | Low | Volume | ||
| 8.8¢ | 8.8¢ | 8.8¢ | 750 | ||
| Last updated 10.57am 08/05/2024 ? | |||||
| PAT (ASX) Chart |