Your statement is true when your MCap formula is correct. But from my experience, $100M per 10MT is just none sense.. this completely ignored concentrate % & financial economical benefit (cost reduction with cost leveraged) when size becomes bigger.
Big resource with high concentration will always priced @ premium level, especially for the mines with less geographical risk - for now a few big resource mines are in Africa- AVZ / LLL.
i personally feel sorry for those who sold shares below $1.6.. < $1.5 is just a steal.
Ann: PMT Announces Largest Lithium Pegmatite Resource in Americas, page-119
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Last
45.3¢ |
Change
-0.008(1.63%) |
Mkt cap ! $277.1M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 46.5¢ | 45.0¢ | $92.76K | 204.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 163977 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 46600 | 6 |
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| Last trade - 11.56am 30/08/2024 (20 minute delay) ? |
| PMT (ASX) Chart |