Interesting, and yes, this is the main reason I invested in this company.
I'm an environmental engineer and I did my final year project on the idea of "peak minerals" (focused mostly on gold though).
And China are looking to somewhat slow down and improve their environmental performance and quality of urbanisation and growth, since govt have now realised that this a major problem and there economy is growing anyhow.
As such, I would expect REE prices to somewhat rise in the next few years, but this depends largely on China's policy approach.
I know this is a macroeconomic analysis and it's not really focused on PEK but the price is so closely linked to the degree of success it will achieve; and cost of REE i would expect to increase, hopefully PEK can have their mines go online by 2017 so as to deter other companies from getting into production as well.
I've already bought stock into this company but it was my first investment and a bit pre-emptive. I saw a lot of potential in it though and it should be on people's look out.
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Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $59.83M |
Open | High | Low | Value | Volume |
22.0¢ | 22.5¢ | 22.0¢ | $16.04K | 71.44K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 81124 | 22.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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23.0¢ | 3643 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 81124 | 0.225 |
3 | 67338 | 0.215 |
4 | 83462 | 0.210 |
3 | 81384 | 0.205 |
5 | 110052 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 3643 | 1 |
0.235 | 4375 | 1 |
0.240 | 168027 | 1 |
0.250 | 20250 | 2 |
0.255 | 27550 | 2 |
Last trade - 12.27pm 03/05/2024 (20 minute delay) ? |
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Last
22.5¢ |
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Change
0.010 ( 4.65 %) |
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Open | High | Low | Volume | ||
22.5¢ | 22.5¢ | 22.5¢ | 31878 | ||
Last updated 15.28pm 03/05/2024 ? |
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