Market cap is what we need to be thinking about as opposed to SP.
SP will take care of itself based on the value of what ESR find in the ground.
80-100 million MC is not out of the question, but will totally depend on quality and quantity.
I would be extremely surprised to see over 150 million MC without being in production. IMO it would take a hefty JORC to get it up there.... perhaps once in production and once they have had time to explore some more. But that's a long way down the track.
But yes...it's nice to dream.
Significant re-rating on the horizon, page-11
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1.7¢ |
Change
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Mkt cap ! $12.72M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $64.69K | 4.020M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1001357 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 1598880 | 5 |
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