My feel is we are priced about right for now. But not for long.
Lock in the remainder of Module 1 offtakes and finance and I think you are looking at a mid 30's sort of market cap being justified (which is also where the big weekly chart cup and handle target lies).
On top of that, any sign that module 2 demand is near term and I think we head to 50, just partly pricing that in.
I can see all that panning out in as little as a few months. Quicker if the market starts anticipating all this. And especially if the African development finance deal and offtakes fairly swiftly follows the Tanzania FCI agreement.
There is a rational, news based price path for that in a few months. Everything happens quick if the market starts getting confident with progress, and prices in more of the upside sooner.
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Beyond my shorter term 35c and 50c targets the ongoing upside comes as module 2 firms up, presuming Module 1 construction etc. goes well.
With MUCH more upside again if modules 3 and 4 begin to look like being confirmed.
Plus any upside from firming graphite prices.
10x
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All IMO and DYOR
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5.1¢ |
Change
-0.001(1.92%) |
Mkt cap ! $63.85M |
Open | High | Low | Value | Volume |
5.2¢ | 5.2¢ | 5.1¢ | $58.82K | 1.141M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 238585 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 238585 | 0.051 |
2 | 239000 | 0.050 |
1 | 2480 | 0.048 |
1 | 10531 | 0.047 |
2 | 31111 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 50000 | 1 |
0.053 | 15000 | 1 |
0.054 | 138200 | 1 |
0.055 | 125899 | 2 |
0.056 | 4000 | 1 |
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