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 $5 depending on how many new shares will have to be issued to pay for the capital to get into production.
Also in this morning's announcement it says that stage 1 can be easily expanded due to the simple ugrading results. So maybe 3, 4 or 5 Million tons from a expanded stage 1. This comment is very significant. Previous announcements were indication significant capital requirements to get 2 MTPA.
I topped up at 90 cents this morning
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Thadius Agree completely. The market cap is ridicuously low....
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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13 | 10114101 | 0.003 |
9 | 7088897 | 0.002 |
8 | 17588888 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.005 | 17747851 | 30 |
0.006 | 4390000 | 6 |
0.007 | 483500 | 2 |
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