The “best clay REE project in Australia” has a market cap of $8 million, with $2 million in the bank giving it an enterprise value of $6 million.
In line for a tax refund of about $1 million that makes an enterprise value of $5 mill.
This stock clearly has no friends in the broking and finance industry atm.
If it’s BH’s past history or nobody believes in the future of clay sourced REE somebody clearly has work to do.
Why would anyone doubt the need for and viability of clay REE extraction when the Chinese and other Asian countries are mining them today and have been for 30 years?
It ain’t rocket science.
Stay with OD6. It will reflect its true value in the near future.
OD6 Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
