The analyst published that target price way before the massive re-rating of lithium plays since the US election outcome.
if you look at resource multiples Vulcan now trades at levels consistent with that of Uk listed Savvanah resources which has a resource in Portugal. Hm. We have a massive resource in the heart of the EV production region - and so transport costs would be much lower and so would be Co2 indirect costs.
As I said above this stock should be at 3.2/sh were we to apply resource multiple of EMH - which I think is a good comparator. Yes they are perceived as having their resource starting earlier than Vulcan’s but they aren’t zero carbon.
This stock is cheap especially heading into a PFS. Watch a NPV of USD1.5-2bn.
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Last
$4.53 |
Change
-0.010(0.22%) |
Mkt cap ! $841.2M |
Open | High | Low | Value | Volume |
$4.54 | $4.54 | $4.41 | $622.7K | 139.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 1726 | $4.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.54 | 5259 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1365 | 4.490 |
8 | 21709 | 4.480 |
5 | 1539 | 4.470 |
4 | 4108 | 4.460 |
4 | 9005 | 4.450 |
Price($) | Vol. | No. |
---|---|---|
4.510 | 1994 | 2 |
4.520 | 2467 | 2 |
4.530 | 326 | 2 |
4.540 | 9527 | 3 |
4.550 | 4719 | 2 |
Last trade - 12.38pm 15/07/2024 (20 minute delay) ? |
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