Rare earths are showing increasing value. The REMX is climbing from lows, NdPr prices are continuously increasing despite the previous large increases in quota. The narrative is there.
Unfortunately with the vast amount of projects we have it seems the market might be struggling in valuing us. This is until we either have a monetisation event to prove the business model or spin off our asset base.
In either case things on the REE front are looking a lot better and historically at this REMX price and NdPr price we sat around 3.8-4c. These gains have not yet reflected in our SP. Admittedly it is lagging. The question is, given our SP previously followed NdPr prices - will this continue with the renewed focus on gold?
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Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $56.07M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $57.18K | 3.800M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 8657296 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 3375088 | 14 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| DRE (ASX) Chart |