FBM 6.67% 2.8¢ future battery minerals limited

AUROCH MINERALS SHARES ON ISSUE: 85.6 million CURRENT MARKET...

  1. 1,840 Posts.
    AUROCH MINERALS

    SHARES ON ISSUE: 85.6 million
    CURRENT MARKET CAP: $15.4m @ 18 cents
    CASH ON HAND: $8.1 million + $1 million due by 31st December this year

    How on Earth has this stayed around the price mark it is now?

    Being as tightly held as it is with the world class assets surrounding its projects + massive amount of cash in its coffers to fund exploration in its newly acquired Alcoutim project, the potential for this to run hard off the back of its relatively small market cap is huge.

    Running adjacent to Neves Corvo which is a world class neighbour of Auroch's, the prospects of hitting something with the possibility of becoming commercially viable is so much greater than anything you'll find on the ASX IN THE RIGHT SECTOR.

    Renewable energy & its projections over the next 3 years in terms of its growth are incredible and leave much to be desired for how the big boys are going to continually find supply of these key resources. The need for increased supply couldn't come at a more perfect time as Auroch begins drilling with the services of a drilling company that has extensive experience not only in the Iberian Pyrite belt, but South Portugal itself.

    What happens if we strike remotely good grades in Portugal with the position the company is currently in, in terms of its market cap / shares on issue? I'll leave that to the imagination of holders. The best part IMO is the fact that two thirds of f all of our projects have been factored in to our share price - $15m MC with
    - $8m+ cash
    - a brand new project that could be massive for us in the short term that we can fully fund with our cash stockpile - DRILLING STARTED.
    - existing projects including our Namibian one already consisting of excellent 2.7% Li 2o grades

    GLTAH
 
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Last
2.8¢
Change
-0.002(6.67%)
Mkt cap ! $18.54M
Open High Low Value Volume
3.2¢ 3.2¢ 2.8¢ $45.63K 1.534M

Buyers (Bids)

No. Vol. Price($)
2 37086 2.8¢
 

Sellers (Offers)

Price($) Vol. No.
3.2¢ 19000 1
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