yep. A 50% increase in the last month off of lows, but only a 9.5% increase in the last 3 months during which lithium companies have been running hard.
If we look at the updated 3 month performance of the lithium companies that I posted on Monday:
* VUL +455%
* SYA +400%
* CXO +330%
* PLS +206%
* GLN +179%
* AVZ +147%
* AGY +136%
* LPD +125%
* INF +116%
* GXY +115%
* LIT +94%
* LTR +64%
* MIN +58%
And again: ESS just 9.5%
That’s what amazes me. We still have a lot of catching up to do to the others.
The average 3 month gain of the companies above is 186.5%. Should ESS achieve that average then that’s a SP of 30.3c.
The lowest of the companies above is MIN at 58% in the last 3 months. Should ESS equal the lowest that’s still a SP of 16.5c.
And if we lowball ESS against the others and say only a 25% increase in 3 month is on offer, we still get 13c
So IMO anything under 13c is a steal.
In this current lithium climate I think a $40mil to $50mil MC minimum is fair for this company, which is a SP of 20c - 25c
IMO
GLTAH
For those interested, below is a link for performance of lithium prices. Prices have been going gangbusters the last 6 months, resulting in Li companies going gangbusters too. ESS has had to chase the Lithium train down but I think we might finally be on board
http://www.asianmetal.com/LithiumPrice/Lithium.html
