OK, a comparison of EMH with KDR at 9 cents might be more sensible than at $2.34. The 9 cent price was the risk-adjusted NPV of future cashflows and probably reflected the risks of the resource not being well defined, funding not being secured and off-take agreements or JVs not yet being signed.
Even at that early stage - due to the sovereign risk wild card with EMH - comparing KDR and EMH would hardly be comparing apples to oranges, let alone apples with apples.
In February 1970 Poseidon NL was trading at over $270. By April 1970 - only 2 months later it was trading below $75. About as relevant information in relation to EMH as the current KDR comparison.
Based on all the information available right now, I can tell you with 100% certainty, that in 2 years time, EMH will be near worthless, perhaps de-listed or it could be worth a multiple of today's share price or anywhere in between.
OK, a comparison of EMH with KDR at 9 cents might be more...
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Last
29.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $60.15M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 29.0¢ | $2.975K | 10.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6300 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 34878 | 1 |
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| Last trade - 13.15pm 12/07/2024 (20 minute delay) ? |
| EMH (ASX) Chart |