Thadius
Agree completely. The market cap is ridicuously low. Once they ramp up to 2M tons a market cap of over 200M would seem reasonable which would mean a share price of between $4 and $5 depending on how many new shares will have to be issued to pay for the capital to get into production.
Also in this morning's announcement it says that stage 1 can be easily expanded due to the simple ugrading results. So maybe 3, 4 or 5 Million tons from a expanded stage 1. This comment is very significant. Previous announcements were indication significant capital requirements to get 2 MTPA.
I topped up at 90 cents this morning
rocketing today., page-8
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0.8¢ |
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Mkt cap ! $26.30M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.7¢ | $5.888K | 742.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2457142 | 0.7¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 4204815 | 9 |
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