ESR estrella resources limited

So let me get this straight, you think that the market cap is...

  1. 117 Posts.
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    So let me get this straight, you think that the market cap is going to go from $60m to $6 billion, even $18+ billion within 24 months?
    Lets do some quick maths on that. I'd LOVE to see that valuation (and quickly retire to a beach somewhere) but is it realistic?

    What is Magnesium worth as an ore out of the ground? (That's what is proposed as the asset here)
    EcoMine Venture Co. offers 45% Ore FOB for US$185 out of brazil. (US agent posting on tradekey)

    So lets just say we can probably get US$150 a ton shall we? So A$230 give or take. So for 6 million we're sitting on an ore body of 250 - 300 million tons. 18 billion we're sitting on 750 mil to 1 billion tons.

    That's a big estimated ore body from a few photos and some electromagnetic scans. Hope it happens but drilling again will be key. If the first major find goes down 500m with a continuous strike then you're probably right. I'm thinking 5-10 x current value would be more likely in that timeframe.

    GL2A





 
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Last
5.2¢
Change
0.004(8.33%)
Mkt cap ! $106.7M
Open High Low Value Volume
5.0¢ 5.2¢ 4.9¢ $283.0K 5.585M

Buyers (Bids)

No. Vol. Price($)
2 517705 5.1¢
 

Sellers (Offers)

Price($) Vol. No.
5.2¢ 310020 6
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Last trade - 16.10pm 18/06/2025 (20 minute delay) ?
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