I said $1.50. I personally think $1 would be a steal once the mine is operational.
Based on market cap assuming conservative calculations if you work the numbers through.
The themes here are very strong. Directly from the AFR:
- Australia looking to break China’s near monopoly on the critical minerals required to build weapons, electric vehicles and fighter jets, with this government funding committed to reopen this tungsten mine.
- China currently controls 83 per cent of the world’s tungsten production, leaving the United States and its allies, like Australia, vulnerable to export controls.
- The Biden administration is focusing on removing China from the country’s manufacturing supply chains, providing $US30 million ($40 million) in funding last month for Australian rare earths miner Lynas to build a processing plant in Texas.
- The deal was seen by Australia’s ambassador in Washington (Arthur Sinodinos) as proof the US was wants Australian resources companies to plug gap left by its move away from China.
- Tungsten is the crucial component in the manufacture of weapons, ammunition, ballistics.
I wouldn't be surprised if it was revealed that KIS is about to be supported by the United States government.
The market will look ahead of this and price it in.
Remember that $1 for this company is only a $300M market cap.
Big few weeks coming up in my opinion.
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Last
2.6¢ |
Change
-0.001(1.89%) |
Mkt cap ! $26.10M |
Open | High | Low | Value | Volume |
2.8¢ | 2.8¢ | 2.6¢ | $7.272K | 273.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 551400 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 231792 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 545400 | 0.025 |
4 | 211884 | 0.024 |
1 | 100000 | 0.023 |
4 | 544193 | 0.022 |
2 | 357142 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 231792 | 1 |
0.027 | 20884 | 1 |
0.028 | 69881 | 1 |
0.030 | 222279 | 2 |
0.031 | 250000 | 1 |
Last trade - 15.38pm 19/06/2024 (20 minute delay) ? |
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