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.
Your statement is true when your MCap formula is correct. But...
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Last
23.0¢ |
Change
-0.010(4.17%) |
Mkt cap ! $124.0M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 23.0¢ | $509.4K | 2.224M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 209583 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 14000 | 2 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| PMT (ASX) Chart |