With the talk from some posters about this stock being undervalued, I thought I would try to calculate the company's most recent valuation by assets then compare to the market cap.
For the Lithium projects in WA, MLS appear to give a book value of $0, so I have given it an interim value of $1 because I am sure MLS could flog it off for a five or six figure sum if they wanted.
Current Asset Value - $9,163,001
Current Market Capitalisation - $9,367,191 (at 0.4c per share)
Looks about right with the market giving zero value for any future potential for either Manindi, Lac Rainy or the other Canadian tenements.
Company Valuation
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Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.45M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 100000 | 1 |
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| Last trade - 16.12pm 26/11/2024 (20 minute delay) ? |
| MLS (ASX) Chart |
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