hbg,
SYR have vastly more graphite than AXE and have a lot more coverage. However I think the market cap of AXE is still undervalued. AXE's enterprise value is only $6-8mil yet it possesses these excellent Campoona and Sugarloaf graphite deposits and the magnesite. When AXE show there are customers for their ultra-fine graphite and a resource upgrade and funding to mine tens of thousands (if not hundreds of thousands) of tonnes of graphite at $2000/tonne, we will see a SP that reflects what AXE is really worth.
axe versus syr, page-2
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Last
33.5¢ |
Change
0.005(1.52%) |
Mkt cap ! $85.37M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 34.5¢ | 32.0¢ | $116.1K | 352.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5129 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 24040 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AXE (ASX) Chart |