Think about it this way. With our current market cap of roughly around 50m, if we make a billion dollars of profit the market cap should adjust accordingly and we could potentially see 20 bags.
That's if we make only a billion. I'll let people make their own minds up about how much ore is sitting in the ground...
I believe we are currently being valued on the expectation that our ore won't be mined (same with all our peers actually) however with the EV revolution in full swing and nickel prices rising alongside supply fears, our chances of being mined increase every day.
It's not just nickel either, there's scandium, rare earths and gold potentially at play here as well. I highly suggest anyone who's interested to take the time to do their own research on the resources.
Think about it this way. With our current market cap of roughly...
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Last
41.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $81.86M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.3¢ | 40.0¢ | $16.98K | 41.91K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 101 | 1 |
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| Last trade - 15.26pm 27/09/2024 (20 minute delay) ? |
| ARL (ASX) Chart |