SHP 14.3% 1.2¢ south harz potash ltd

I'd agree to a point, but only slightly.The price of SHP last...

  1. 2,454 Posts.
    lightbulb Created with Sketch. 1053
    I'd agree to a point, but only slightly.

    The price of SHP last year rocketed with the MOP price and anticipation of the study.

    If the world food / famine / weather crisis continues it adds leverage to the fertiliser world, which in turn starts to bottom and list the MOP price, all at the time of a PFS for a *potentially* brown field project is coming to fruition. Look at any in vogue resources play 2 years or more away from production and tell me that value is not reflected....

    Those that look like they will go to mine grow to a reflective value. Look at DEG, CHN, LRS, etc etc. All YEARS from mining but above $1bn. Granted our resource ships at a lower price, but it is also a lower capex and opex. Hell, even HFR is 10x our value with smaller resource and still a 3-4 years until they get producing.

    An aligned macro story drives people to hunt for value in that space. A promising story specific to the company adds its own value. Both together and you have the perfect storm. Granted, if we were 12months from production that'd be ace! But we are still at a great point to combine macro and micro

    I think the tide is turning. Might lap about our feet for a while, but coming. I don't need SHP to reach production to make a shit load of cash, if the market starts to take interest
    Last edited by HeliosUK: 21/07/23
 
watchlist Created with Sketch. Add SHP (ASX) to my watchlist
(20min delay)
Last
1.2¢
Change
-0.002(14.3%)
Mkt cap ! $12.40M
Open High Low Value Volume
1.5¢ 1.5¢ 1.2¢ $180.7K 14.73M

Buyers (Bids)

No. Vol. Price($)
14 3605764 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 236486 4
View Market Depth
Last trade - 11.52am 24/05/2024 (20 minute delay) ?
Last
1.2¢
  Change
-0.002 ( 14.3 %)
Open High Low Volume
1.4¢ 1.4¢ 1.2¢ 9729894
Last updated 12.17pm 24/05/2024 ?
SHP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.