Tell me if I am understanding this correctly. Once the mine becomes operational and starts to sell it's ore (nickel/cobalt) and finally starts making money, the stock price will go down from there? Can't understand that rational. Especially when the world is switching to green energy. This theory doesn't account for future drilling, future expansions, future pricing, and etc. It's like saying that my other miner (SYA) stock price will start to go downwards once the start producing lithium in two weeks. Next year they could potentially be making $450 million in profits. Which is about a quarter of their market cap now. I must not be understanding your graphs and such I guess.
Ann: RIU Explorers Conference Presentation 2023, page-3
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48.0¢ |
Change
0.015(3.23%) |
Mkt cap ! $95.84M | |||
| Open | High | Low | Value | Volume |
| 46.8¢ | 48.0¢ | 45.5¢ | $11.78K | 25.18K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 81978 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 23716 | 4 |
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