Damn, you have thrown the dice on this. Same! 20.5m shares.
When's the next Top 20 going to be out?
This kind of sums up my thinking on where we should be headed, with a good PFS published:
"Enova's total value in the Base Case is estimated at A$39.65 million, corresponding to an implied share price of A$0.021, representing an impressive 193.8% upside from its current share price of A$0.007. In the Bull Case, assuming more favourable sector conditions and valuation multiples, the total value increases to A$45.73 million, implying a share price of A$0.024 and an upside of 238.8%. Enova’s current share price reflects a significant undervaluation compared to its intrinsic worth, with the mid-point fair valuation of A$0.022/share equating to a Price/NAV ratio of 0.32x. This highlights the substantial valuation headroom as the company advances its projects and strengthens its resource base. As the critical minerals market grows and Enova continues to unlock the value of its portfolio, the company is well-positioned for a significant re-rating."
Meanwhile, the shares gather dust under the stairs for the foreseeable future ...
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