Hi All,
With RNU's market cap closing trade at 650m+ mark, I'm starting to wonder, what is RNU actually worth? How much further can it run?
I hold RNU but not SYR.
I'm currently evaluating SYR and seemed a little puzzled by each market cap.If I have messed up or misinformed any of these figures please correct me,
- Market cap just shy of 1.2b so double RNU
- SYR has almost double the Graphite Mineral Resource as RNU
- SYR has double the proposed processing capacity
- Similar cost per ton
- SYR 50 year mine life vs 40 with RNU
- SYR is currently mining and processing - ramp-up phase.
- SYR's mine is in Mozambique (Ok this is the largest uncertainty I see). Processing in Louisiana.
As I understand it, RNU is still realistically two years away at best from any real mining /processing operation.
This makes me feel, RNU is highly overvalued OR SYR is highly undervalued?
Please help!
RNU VS SYR - What am I missing?
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Last
9.1¢ |
Change
-0.002(2.15%) |
Mkt cap ! $231.2M | |||
| Open | High | Low | Value | Volume |
| 9.3¢ | 9.5¢ | 9.0¢ | $219.7K | 2.405M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 327651 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.2¢ | 509430 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RNU (ASX) Chart |