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So market cap isn't determined by share price at all? Yeh I am a...

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Kevo88

242 Posts.

33

14/05/18

13:18

Post #: 33077326
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Originally posted by jakers ↑

I assume you must be a novice trader, as comparing companies based on their share price instead of market cap is a major error.

I think long term both projects will succeed, but some advice for you if you are interested in learning how projects can be valued: read the PFS documents when they come out. Both companies are releasing them by next month, and they will give you a detailed understanding of each projects value, particularly the level of revenue and capital expenditure each project estimates.

I would be interested in continuing this conversation once the PFS of both companies are released to market. Until then, good luck with your investments. I think all Lithium projects at this stage will do very well as long as the fundamentals stack up.

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So market cap isn't determined by share price at all?

Yeh I am a novice at reading reports. But sometimes its not all down to the figures. Was going to invest in an Indonesian gold company but ended up going for an Australian one. Turns out the mines in Indonesia flooded due to seismic activity.

Sometimes its not all about the figures.

We all start somewhere.
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