Ladies and Gents,
CommSec Iress is telling me ACS has a market cap of $69m, with it's flagship magnetite asset for sale at the moment. It's about half as big as Beyondie and currently has no known DSO.
We're trading at $26.7m, with double the magnetite resource, DSO on its way and highly prospective base metals intetests. We need to multiply 6 times just for the MAGNETITE to reach ACS valuation.
Who's feeling better about their shareholding now? This is one of the most undervalued stocks on the ASX with a JORC resource IMO.
JT
chart looking good, page-6
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Last
24.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $176.5M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.5¢ | 24.5¢ | $240.7K | 961.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 657746 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 108000 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FEX (ASX) Chart |