You're absolutely right, should the compensation come in at circa USD$500-800, this will trade at substantial multiples. Of course there are risks, but with sufficient DD should provide an outcome where there is notable asymmetric risk. With the likes of Jeremy Raper and other substantial players backing this asset and generating exposure to the general public, I struggle to see how CMD depreciates from here.
Do your own DD don't take my word for it.
Ann: Soalara Limestone Project - Phase 2 Core Assay Results, page-11
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Last
0.7¢ |
Change
0.002(40.0%) |
Mkt cap ! $3.794M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.8¢ | 0.6¢ | $49.50K | 6.851M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2551166 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 271195 | 2 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| CMD (ASX) Chart |