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.
With the talk from some posters about this stock being...
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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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