Yes, but it's bigger than just MTC, so it's not just down to our performance. The entire sector has had a shift in sentiment this year which should turn at some stage when those battery gigafactories come online and electric vehicle sales increase.
Then there's the wider sharemarket sentiment which is suffering because of Trump's trade war which must have an end point at some stage.
Look at FCC again for comparison, it has a market cap of 66m CAD, but an inferred resource of 1.96b CAD, which is currently being succesfully increased with 3 drill rigs running concurrently, but it is trading at an all time low. There's 30 bags to make to get it up to the current estimated value of that rapidly increasing inferred resource.
All companies in this sector seem to be trading well below their fair value in my opinion, and that of Morningstar. Probably for the reasons stated above.
Hang in there, and good luck to all holders.
MTC Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held
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