hopefully he's taken my suggestion, and a trip to get hands on with Next bat. But who knows, could equally be in the DRC.
At 4m mc, i dont see a lot of downside. The potential of either DRC or Next Bat, with phosphate JV as a slow burner in more traditional markets, gives a reasonable resume of value, and potential.
The bet, the speculative holders, ask is anyone going to just give this away for 3m ? 2m ? 1m?
while the upside potentially 10 bags not out of the question, IMO, at 40m, 80m, 120m type valuations if you deliver on the potential. Turning speculation of 50-100% performance over panasonic lithium battery into reality, = market darling. And they will be lining up with a fever if the volumes alert the wider market on success case.
Its a lottery ticket, and right now 4m is so close to a shell, that its valued at the paper it printed on only, and if the numbers come in, its fireworks. All imo.
Ann: Quarterly Activities Report, page-11
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Mkt cap ! $7.770M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $3.627K | 527.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1133000 | 0.6¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 769773 | 1 |
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