I think you are spot on with the ASX perception of MCT in regards to getting AB off the ground. The problem is that the Lithium & Cobalt space is on fire and gaining funding isn't as hard as it has been for MCT in the Zinc space.
All going to plan I feel the IPO has demand and is reinforced by the release, If and when they hit the proposed IPO value it will be a solid FA uptrend in the market for me. A side note to the projected IPO value is if I was raising the capital I wouldn't be setting unrealistic targets for myself to achieve, Id proactively test the market to see the appetite for such a project.
I understand the cost related to getting down to the Zinc but I feel its similar to AVZ in regards to its proximity to the port. If the body is big enough larger capital costs to setup will be absorbed quite easily over the mine life.
Patient hands may be rewarded in spades but there are no guarantees when you're trading the market.
GLTH all IMO
BB
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Mkt cap ! $9.392M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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54 | 119809648 | 0.1¢ |
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Price($) | Vol. | No. |
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0.2¢ | 16577815 | 15 |
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54 | 119809648 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.002 | 16277815 | 14 |
0.003 | 68722219 | 60 |
0.004 | 22087209 | 12 |
0.005 | 15022706 | 12 |
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