I've only got a small position here myself.
But, I think it is worth pointing out that what matters here is the current valuation v intrinsic value, not how fast this has 10 bagged. The share price doesn't matter; the market cap matters.
$3 is certainly not out of the realms of possibility when you compare this project to comparables in the nickel sector (SRL & ARL).
Please feel free to correct me if I've got any of the below figures incorrect, I've had to make a few rough estimates here, including NC1's likely NPV, which I've estimated at A$3,000m.
As to where the share price will go, no one knows for certain. But we can use comparables and history as a guide. PFS stage projects tend to trade at around 10% p/NAV on average in the resource sector.
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $10.94M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 10.0¢ | $533 | 5.081K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19919 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 39995 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19919 | 0.100 |
2 | 20000 | 0.098 |
1 | 10000 | 0.097 |
1 | 104052 | 0.096 |
2 | 105241 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 39995 | 2 |
0.110 | 120072 | 3 |
0.120 | 12315 | 3 |
0.125 | 28085 | 1 |
0.130 | 35501 | 2 |
Last trade - 15.30pm 28/10/2024 (20 minute delay) ? |
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NC1 (ASX) Chart |