Thanks Ken. I find it staggering that LMG is still under 10 cents tbh. Just take a look at the numbers and all the boxes it ticks.
*Government-listed as a critical mineral
*Revolutionary method of magnesium production which uses up a toxic waste product from brown coal and ferro nickel slag
*Environmentally friendly
*All flyash feedstock is used and transformed into other useful and commercially valuable products such as cement (which traditionally is also a high CO2 emission industry) and other products
*Less than half CO2 production per tonne of magnesium compared with traditional methods of production
*Worldwide growing demand for magnesium - expected to double in the next 5 years mainly due to the aluminium magnesium sheet alloy used for the essential step of light-weighting electric vehicles
*The planned expansion plans from the 1000 tonne per annum demonstration plant up to the proposed overseas 100,000 ferro nickel slag plant
And there are the finances.
*AUD $9-10,000 per tonne of magnesium produced equals absolutely huge revenue when multiplied by the future annual output that LMG has in the pipeline.
The 40,000 plant will generate an estimated $360 - $400m per annum based on current prices and exchange rates from magnesium production not withstanding revenue from the other products.
Despite all this, LMG still only has a market capitalisation of $155m. In the short-term the share price might sit in the 8-11 cent trading range but in the long-term,once production is underway and deals are made with joint venture partners to invest in the development of a 100,000 tonne per year plant, then surely the the share price will be many multiples of this.
Jasp
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Last
3.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $86.87M |
Open | High | Low | Value | Volume |
3.8¢ | 3.9¢ | 3.6¢ | $35.92K | 951.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24999 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 134036 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 24999 | 0.037 |
4 | 89923 | 0.036 |
11 | 1535539 | 0.035 |
2 | 236325 | 0.034 |
1 | 29600 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 134036 | 1 |
0.043 | 536500 | 3 |
0.044 | 4100 | 2 |
0.045 | 45511 | 2 |
0.046 | 350000 | 3 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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