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
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.007M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 20000 | 1 |
View Market Depth
| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| CR1 (ASX) Chart |
Day chart unavailable