Hi Pop
I totally agree with your analysis. The market cap for CR1 is about $7.5m. There is approx. $5m in the bank. Therefore, an Enterprise Value of $2.5m only.
It wouldn't take much for this stock to rise from $2.5m.
Yes, if LEG and neighbouring companies find a good Nickel deposit in the Fraser area - CR1 will benefit from the general rise in sentiment.
Also, if CR1 finds a good deal, then it should rise nicely.
Further, if CR1's proposed 10 drilling sites hit Nickel - well the sky's the limit as they say (eg. $300m market cap like LEG or a NOVA).
GLTA
CR1 Chart compared to Fraser Range companies, page-8
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Last
16.5¢ |
Change
0.025(17.9%) |
Mkt cap ! $10.40M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.5¢ | 15.0¢ | $14.52K | 93.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40791 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CR1 (ASX) Chart |