EMH has largest lithium resource of these named peers, but with low grade, however, market cap is the lowest with $27m which is less than few junior lithium explorers with no defined resource.
I reckon EMH has huge upside as it's significantly undervalued compared with peers.
1. Resource and market cap as at 8 April 2016:
2. EMH's presentation 24 February 2016.
3. GXY's presentation 11 April 2016:
4. Initial PFS:
Capex US$326m
EBITDA US$108m
Pay back around 3 year.
Initial PFS was based on *commodity prices applied: US$22,500/t Sn, US$330/mtu APT (W),US$6,500/t Li2CO3, $640/t potash
Currently Lithium carbonate price is double.
http://www.*.co.uk/upload/CKEditor/untitled%20folder/lithium.png
Source: The Economist, Citigroup
5. Share performance over last 12 months:
- PLS up 1,376%
- GMM up 1,122%
- GXY up 978%
- NMT up 425%
- EMH up 221%
Comparison
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Last
36.0¢ |
Change
-0.040(10.0%) |
Mkt cap ! $74.68M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.0¢ | 36.0¢ | $6.368K | 17.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5876 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 13500 | 2 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
| EMH (ASX) Chart |