New investor:
I am just wondering how a market cap of $800M can be maintained (or even increased as many here hope), on a project with a projected NPV of $407M.
Yes, we have $100M cash in the bank, and ever-expanding reserves to bolster the DFS, and increasing spot prices...
but what am I missing? Where is the support for proposed $1 share price (did I even read someone suggest $10??)
Thanks for your comments.
NPV vs Increasing Market Cap
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Last
$2.35 |
Change
-0.060(2.49%) |
Mkt cap ! $7.076B | |||
| Open | High | Low | Value | Volume |
| $2.44 | $2.45 | $2.31 | $38.45M | 16.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 71 | 524594 | $2.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.35 | 135465 | 21 |
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| Last trade - 14.46pm 10/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |