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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So let me get this straight, you think that the market cap is...
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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($) | Vol. | No. |
---|---|---|
5.2¢ | 310020 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 517705 | 0.051 |
1 | 300000 | 0.050 |
1 | 302905 | 0.049 |
5 | 164103 | 0.048 |
1 | 121409 | 0.047 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 270020 | 5 |
0.053 | 1170355 | 3 |
0.054 | 697579 | 3 |
0.055 | 183833 | 4 |
0.056 | 1291693 | 6 |
Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
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