@PovertyBoy , What you need to consider here is the technologies held by ECT.asx
ECT uses Lignite instead of met.coal to make steel... Humongous margins !!!
ECT makes steel at a fraction of the environmental cost of MODERN steel producers..... The market just doesn't believe it ! When the plant is built by 2 Multi Billion dollar companies they will be forced to eat humble pie and try to get in on the action.
ECT turns low calorific value (Energy) Lignite into a Black coal Equivalent at a cost that's a third the price of Black coal...... mega margins .
India has now become the Worlds 2nd largest steel producers and is undoubtable where the World is looking for the next growth story as 50% of Indias population is under 30y old ....
Yes ECT's market cap is low considering the deal offered by the Indians. IMO once construction starts ECT should have a $250mill market cap backed by the projects economics
Movement at the Station, page-53
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Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $9.515M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $297 | 79.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 55 | 17643627 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 14484105 | 27 |
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| Last trade - 15.59pm 19/07/2024 (20 minute delay) ? |
| ECT (ASX) Chart |