How are people valuing this?
Another one I hold is VML. They had a large CR a day prior to DRE and their MC is significantly lower on a 95mt resource that is being expanded, they have mined already and have a stockpile, are about to start processing and passing product onto customers (they have 2), are commissioning a processing plant, and have a HRE project they're trying to establish, as well a LRE one in Africa. Plus they have govt support. Just the 95mt @1.5% or so should be enough to warrant a MC larger than DRE's as DRE is speculation vs proven resource. And DRE won't even be mining the stuff.
General Discussion, page-170
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Last
1.8¢ |
Change
0.001(5.88%) |
Mkt cap ! $63.23M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.8¢ | 1.7¢ | $83.57K | 4.811M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 75000 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 3565820 | 12 |
View Market Depth
| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
1.8¢ |
Change
0.001 ( 5.88 %) |
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| Open | High | Low | Volume | ||
| 1.8¢ | 1.8¢ | 1.7¢ | 3283427 | ||
| Last updated 15.54pm 20/05/2024 ? | |||||
| DRE (ASX) Chart |