Hio Bio, yes, that's literally the $640M question isn't it.
Personally I'm thinking a conservative $180M ( ie about 5c / share using an anticipated 3.6B shares on issue by the end of the year).
I think this could ramp up to $240M as production nears.
As more BOAs land this year and next, the 200ktpa plant, will be given the green light and the MCap heads to $500M.
If these offtakes are for the high premium products - such as zircon replacement, glazes and digital printing, paints and HRM - then a $640M Cap is possible (ie 15 - 20 cent share range).
But for right now...a Traxys deal this month should see us at $180M MCap and 5c /share.
Christmas in July.
Hio Bio, yes, that's literally the $640M question isn't...
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Last
0.7¢ |
Change
0.001(16.7%) |
Mkt cap ! $24.00M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.6¢ | $4.903K | 748.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 17955019 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 9103740 | 27 |
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| ADN (ASX) Chart |