Here's a couple of weekly charts (the same chart), with the vertical scale adjusted. It looks precipitous at the moment on the current range scale, but if we focus on Market Caps, and where this could get to, even conservatively, it gets interesting. Currently a paltry $27.85m MC on rock chip samples, but what is fair value if the ground starts to get proven up as a high grade Niobium and Tantalum (and whatever else) resource? A conservative figure might be a $200m MC, but I've seen REE plays go a lot harder than that on a lot less (DRE anyone?). $200m MC is Less that 1/5 of where WA1 climbed to. That's roughly $3.50 per share. So, if that is a realistic target, then the chart looks like it's barely got started at 50c, as per chart 2. Strap on, I mean in, folks.
Here's a couple of weekly charts (the same chart), with the...
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Last
50.0¢ |
Change
0.060(13.6%) |
Mkt cap ! $28.42M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 55.0¢ | 43.0¢ | $3.382M | 6.747M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 20700 | 51.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 6000 | 1 |
View Market Depth
| Last trade - 14.56pm 20/06/2024 (20 minute delay) ? |
| SUM (ASX) Chart |