The important stat is the market cap differential - CLQ is 17x AUZ (so share price little relevance in this context).
I don't hold CLQ, only AUZ.
Column 1 Column 2 1 CLQ $647,562,444 2 AUZ $37,967,352 3 Circa relative valuation 17.1x
Well I am sure there are many others factors for the differential - but here are some obvious ones:
Strategic Partners (always key) and Funding (Cash is King) and Development Stage
CLQ has strategic partnership with Penguin Mining with a A$81m placement and A$15m placement to Australian Super. CLQ currently had $89m in cash 30 Jun vs AUZ at $4.6m
CLQ is using money this quarter for early development activities and AUZ still primarily exploration/pilot plant, but Sconi could be in development (as fully permitted) from next Jun 18 (s.t. finance), noting strategic decision with two main assets.
DFS/DFS
CLQ $891mUSD to $1.23B USD (incl Sc) in PFS with DFS by Q4 17
AUZ Sconi A$273M (pre-tax) for only phase 1 - Sc only in Mar 13 PFS, with DFS due Q1 18 including phase 2 to include Co/Ni (and FID) - should usher in a big rerate but noting capex/funding requirements (and shares on issue).
Product and MOU/BOAs
CLQ pilot plant has provided products to off take MOUs and has first BOA (20% of off-take), AUZ won't have test product to potential customers until Nov 17/BOAs Dec17
ASX300
CLQ in ASX300
I also think AUZ is undervalued and due a rerate, and has some great news flow that may (like IMO) make that happen.
AIMO/DYOR etc
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Last
1.0¢ |
Change
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Mkt cap ! $13.98M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.0¢ | $242.2K | 24.04M |
Buyers (Bids)
No. | Vol. | Price($) |
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34 | 15940258 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.0¢ | 5156448 | 6 |
View Market Depth
No. | Vol. | Price($) |
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31 | 15501147 | 0.009 |
20 | 35754501 | 0.008 |
15 | 14772142 | 0.007 |
7 | 6530000 | 0.006 |
7 | 5950000 | 0.005 |
Price($) | Vol. | No. |
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0.010 | 810000 | 3 |
0.011 | 1746269 | 12 |
0.012 | 4833785 | 13 |
0.013 | 2904204 | 10 |
0.014 | 5615992 | 15 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Open | High | Low | Volume | ||
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Last updated 15.29pm 03/05/2024 ? |
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