ALV 3.45% 15.0¢ alvo minerals limited

In a nutshell, it still has a super low MC (sub $30m) and the...

  1. 272 Posts.
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    In a nutshell, it still has a super low MC (sub $30m) and the asset is legit:
    1. Ionic clay REE deposit (one of the only ones outside of China).2. Borders Sierra Verde (currently under development by PE - Denham Capital), this is a beast, so check it out.
    3. The historical drilling results look promising (Not to JORC standard and handheld Auger drilling so take it with a grain of salt).
    4. Cheap Vend.
    5. Tight SOI, ~70m
    6. As a comparable, check out MEI, capped at $500m. To put it into perspective, Tolga paid $170m CASH for that asset (Alvo got this asset for a fraction of that and only after success). If I was a punter that made money on MEI in the last 6 months, i’d be looking into this one. That’s a lot of eyes on this stock tomorrow.
    7. The project vend caught the market by surprise (this stock has been dormant for like 4 months), so all the stagnant stock would of washed out today.

    The funny thing is it has only been trading for 2.5hrs and the interest was huge.What’s it worth?Next 3 to 12 months, if they can prove this up properly (20-30m hits) it could be worth $100-200 million.That’s my two cents.
 
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Last
15.0¢
Change
0.005(3.45%)
Mkt cap ! $13.97M
Open High Low Value Volume
14.5¢ 15.0¢ 14.5¢ $18.75K 125.4K

Buyers (Bids)

No. Vol. Price($)
2 41895 14.5¢
 

Sellers (Offers)

Price($) Vol. No.
15.0¢ 20480 1
View Market Depth
Last trade - 13.27pm 29/04/2024 (20 minute delay) ?
Last
15.0¢
  Change
0.005 ( 3.45 %)
Open High Low Volume
15.0¢ 15.0¢ 15.0¢ 27899
Last updated 13.27pm 29/04/2024 ?
ALV (ASX) Chart
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