And to add, back in 2017/18 both AUZ and SRL went to $1B+ MC when all they had was a 'wish and a prayer', inferior ore and location. But then, amazing what a few pumpers can achieve when there are billions of SOI floating around. Both have since undergone consolidations of their share register and one very likely to be heading for another! And yet after all this time and effort, ARL is still around 200M SOI.
Based on much fewer SOI, larger resource/reserve, and a soon to be binding agmt with a reputable partner, there's reason enough for a 7-8x re-rate....and that's just to tickle a $1B MC. And I agree with the views here that it could go much higher!
Ann: Japanese Consortium Update on Progress on KNP Goongarrie Hub, page-57
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Last
59.5¢ |
Change
-0.015(2.46%) |
Mkt cap ! $118.7M | |||
| Open | High | Low | Value | Volume |
| 60.5¢ | 61.0¢ | 59.5¢ | $47.67K | 79.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16446 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 17743 | 1 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
59.5¢ |
Change
-0.015 ( 0.83 %) |
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| Open | High | Low | Volume | ||
| 60.0¢ | 60.0¢ | 59.5¢ | 20461 | ||
| Last updated 15.52pm 29/05/2024 ? | |||||
| ARL (ASX) Chart |