The power of gravity is all consuming.
It can crush meteorites, rockets, bones and control zillions of tonnes of hydrogen or hold in helium gas at 1M degrees.
Like with this, the moonshot reversal I called days ago based on hot air speculation is now arrived.
ESR is no SIR. Its had a great run over 2 weeks from 1.4c.
It has no infrastructure or JORC resources or pathway to production.
Its grades are low medium grade under 2.0% way less than at WSA MCR POS (SS GS) or SGQ.
It has no mine or processing plants.
If its worth more than PAN or POS then what should these be worth then with decades long projects,
PAN used to have a MC of $1,800M and its CEO Peter Harold is now at POS which was the original Ni runner from 1969 and 2007.
ESR can get there one day with $300M in debt financing, large CRs or building infrastructure, but it may take years and a hundreds of more drilling holes for which it will need $Ms in cash at bank that it doesnt have right now.
CUB has a good point.
ESR Price at posting:
17.0¢ Sentiment: None Disclosure: Not Held
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