As predicted, Mkt cap has now dropped to same level as NTU and soon it will be the lowest of all major projects.
Again 25-50m valuation on the mine represents the cash spent to date on engineering and permits.
100m-150m valuation on the plant if it's commercially viable. If not, then it should be discounted to book value. Company bought it less than 10m i think?
Anyway, there's a gloomy road ahead for all SH. Any reasonable man should be prepared to write-off this investment if you were somehow married to this stock. For those who are younger, ARU was listed back in 2003 at 20c so ASM could be your generational investment.
Ann: Update to timing of NdPr metal sale and delivery to NS World, page-69
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Last
54.0¢ |
Change
0.005(0.93%) |
Mkt cap ! $97.91M | |||
| Open | High | Low | Value | Volume |
| 56.0¢ | 56.0¢ | 53.5¢ | $86.58K | 157.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16758 | 54.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.0¢ | 34739 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| ASM (ASX) Chart |