Talking about the lithium - we do not currently have a big enough resource to warrant that kind of market cap.
As @robertchark mentions, the gold might be able to send us significantly higher, but we don't have anywhere near enough information about that now to make a call. I put a value of between $10m and $50m on the gold as it stands right now - with drill results that will change, but it could be a duster. I remember thinking Zola and Ringwood were going to be giant 50mt resources, but that certainly didn't pan out.
IMO - we can get to share price of 40-50c on the basis of our lithium project. If the gold comes back stellar, than the sky is the limit, but without it, any comparison to PLS is a pipe dream. When we start producing and have cash flow, then we will likely drill barrow creek, and/or buy up other nearby tenements, maybe increase the size of our processing plant and exports, but that's years away, if it happens at all.
I'm happy for other posters to challenge my assessment, but I'm reasonably confident based on the information we have at the moment.
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Mkt cap ! $299.1M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 14.0¢ | $999.4K | 7.094M |
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No. | Vol. | Price($) |
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16 | 562495 | 14.0¢ |
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Price($) | Vol. | No. |
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14.5¢ | 1865586 | 24 |
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16 | 562495 | 0.140 |
77 | 3582780 | 0.135 |
62 | 2769990 | 0.130 |
27 | 963437 | 0.125 |
37 | 1103381 | 0.120 |
Price($) | Vol. | No. |
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0.145 | 1865586 | 24 |
0.150 | 3118297 | 58 |
0.155 | 3140263 | 48 |
0.160 | 3243800 | 45 |
0.165 | 1232837 | 38 |
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