ALM 0.00% 0.9¢ alma metals limited

A lot going on with this company,This quarter alone;--> resource...

  1. 2,453 Posts.
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    A lot going on with this company,

    This quarter alone;
    --> resource confidence will be upgraded
    --> sales contract finalised/cash to budget
    --> BFS recommenced?
    --> mining license awarded? (Equinox received theirs couple of months ago)

    Current market cap at approx $0.80 per pound of resource
    Near-term and current producers are getting $6-10/Ib valuations

    According to Tabeart interview, opportunities are being looked at where company is valued on resource not share price - an equity placement could be achieved at anywhere between $4-$7/pound based on recent ux resource M&A activity(valuing shares at approx 20c mark with current resource at njame and gwabe)

    This doesn't include Chisebuka where thick uranium zones have been intersected in first pass drilling (open in all directions) and Sese where ux was also intersected (Acap 98mIb resource is up to our fence line)

    plenty of upside in my opinion for those who are patient enough and have enough risk tolerance to sit through 1 year of unpredictability in the ux market. The potential reward is there if this makes it to producer (mine development to begin end of this year if on schedule)

    Watching closely and getting ready to top up when this moves
 
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Last
0.9¢
Change
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Mkt cap ! $12.98M
Open High Low Value Volume
0.8¢ 0.9¢ 0.7¢ $39.88K 4.48M

Buyers (Bids)

No. Vol. Price($)
4 2014150 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
0.9¢ 688184 1
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Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
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