"There are a few trading in that 19 to 20c range, such as SUV, ADN and even WAK I suppose."
"There are a fair few Kaolin-Halloysite plays on the ASX but not useful as a comparison if you do not take into account:
- Speed of development
- Research and partnering being undertaken in industry development
- Stage of resource classification i.,e. inferred, indicated, measured
- JORC, PFS or DFS
- Mining permits
- MOU's or Binding Offtake Agreements
- Grade, volume
- Logistics, etc
You missed out Revenue
and a major one - Market Cap
Those you mention above, whilst they trade in the the range you suggest, they all have a very different MC
any of them with a MC of around $100M who are not permitted, not in production, still have CAPEX, are not making revenue are just plainly over valued. Only in this bull market could these current valuations stand up
"There are a few trading in that 19 to 20c range, such as SUV,...
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $517.8M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 17.5¢ | $2.039M | 11.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 144143 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 2098329 | 16 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| LRS (ASX) Chart |