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!
And to add, back in 2017/18 both AUZ and SRL went to $1B+ MC...
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Last
60.5¢ |
Change
0.005(0.83%) |
Mkt cap ! $120.7M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 60.5¢ | 59.0¢ | $29.81K | 49.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4990 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.5¢ | 2616 | 2 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
60.3¢ |
Change
0.005 ( 0.84 %) |
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| Open | High | Low | Volume | ||
| 60.5¢ | 60.5¢ | 59.0¢ | 25265 | ||
| Last updated 15.53pm 04/06/2024 ? | |||||
| ARL (ASX) Chart |