MEI 9.09% 10.0¢ meteoric resources nl

shares numbers issued, page-11

  1. b20
    164 Posts.
    lightbulb Created with Sketch. 32
    What others are trying to say is simply this:
    When you look at a company you need to know what it it is worth. This is Mcap (SOI x current price). In this case $91.77M
    SOI = shares on issue

    What is the resource worth? Say $500M ( I am guessing and have no idea).

    In VERY simple terms the shares have potential to go up around 5 times.

    In this illustration, do we care whther the SOI is big or small? We use the current SOI and arrive at valuation!

    So, in summary if someone mentions a stock and anyone asks what the share price is, ignore the idiot.
    If someone asks what is the Mcap or current valuation, keep paying attention, while you uncover more details.
    Last edited by b20: 21/12/20
 
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