Yes exactly, anything above 1% is considered high grade, as mentioend in a previous post of mine, take a look at some of the other lower grade copper companies on the ASX with only like 30% the equivalent grade of Parag and probably 10%-20% the size but trading at over $200-$300 million market cap.
The market is not always right by the way, it just lags especially if the stock is not as well known. It will adjust accordingly I assume once we have the proper exposure, however it may also be lack of interest due to the retails not understanding what we have, so the big players will accumulate what they can, though at our market cap they are very limited as well with what they can invest.
at $11 million market cap, $500k is all that any fund with deep pockets can invest and remain below the 5% reporting requirements. Furthermore with the lower liquidity there is a limit as well, most funds can't buy in. It is a cycle basically, which is where market makers help a stock. Without the liquidity and market cap, funds cannot come in, and with that, retails don't have interest, but with retail trading there is liquidity and market cap goes up then funds can get involved in a larger way including trading/day trading and the cycle goes on.
What the company needs to do now is generate excitement for the stock.
EVR Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
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