I would have expected the Market Cap to increase considering the scoping study used $18,000 for the tonnage for Tin and today it is pushing $28,000, I know the stuff is still in the ground but thats a huge discount.
All suggestions by the company are that they are confident of a significant resource increase this year.
I get a NPV, using 10% discount of $236m,they plan to raise a further $65m in equity to fund the capital cost,current market cap $110m.
When is the market going to realise how undervalued this stock is, am I missing something here?
Is Tasmania sinking?
I would have expected the Market Cap to increase considering the...
Add CRI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $34.72M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.4¢ | 1.2¢ | $95.67K | 7.237M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1365339 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 784964 | 2 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| CRI (ASX) Chart |