at some point in the near-ish future, ASN will be approved for a US govt DoE loan for around 350m USD (525m AUD) and that's when things get real, they'll need to then find around 200m AUD for their portion of CAPEX, probably 50-100m will be through a strategic invest by an offtake partner and then rest will be a CR probably to insto's, at that point ASN will have completed the FEED, probably the permitting and will be ready to make FID to build a 750m AUD lithum processing facility which will have a base case IRR of 47%
there are no garentees but all of that is probably going happen before this time next year, so i don't think ASN is overvalued at all, if anything compared to others its massively undervalued given the level of risk is being reduced all the time
at some point in the near-ish future, ASN will be approved for a...
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Last
7.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $101.5M | |||
| Open | High | Low | Value | Volume |
| 7.6¢ | 7.8¢ | 7.5¢ | $394.6K | 5.200M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1726747 | 7.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.7¢ | 258961 | 3 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| ASN (ASX) Chart |