This company has a MC around 115M less than DRE's.
They've mined already, have a stockpile of material, have commissioned a processing plant that recently got completed, recently got a cornerstone investment of 45M from a company that added 2 members to the board, and have 2 offtake partners, the first of which is due to receive the first load of product in October. There is enough stuff in the ground to keep them going for longer than a lot of us will be alive.
Based on that, I don't think that we can make direct comparisons to other companies based on MC and resources in the ground. The market can be blind at times. And it can overvalue stuff too based on nothing but hype.
It perplexes me!
This company has a MC around 115M less than DRE's.They've mined...
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Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $59.72M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.7¢ | $27.52K | 1.618M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 3390558 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 2075981 | 2 |
View Market Depth
| Last trade - 12.19pm 30/04/2024 (20 minute delay) ? |
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Last
1.7¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 1.7¢ | 1.7¢ | 1.7¢ | 987174 | ||
| Last updated 12.29pm 30/04/2024 ? | |||||
| DRE (ASX) Chart |