Considering the price of V2O5 is ~$19/lbs, you're looking at $15bn in the ground.
If we look at our peers, they sit around ~$1.5M - $2M Market Cap per $1bn of resources in the ground
We're sitting on $0.5M as a comparison.
SRN is not just about the Vanadium either.
Striking 79% pb (when 15% is considered high grade) and 200g/t Ag (when 50g/t is considered high grade).
If you're still not convinced, perhaps management might change your mind, as the director bought $800k of SRN shares not long ago.
A promising future for this company, for those willing to see it.
So I'd ask you, do you really think we should be at $8.6M market cap diluted ($5M fully ordinary shares)?
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Mkt cap ! $11.91M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $315 | 90K |
Buyers (Bids)
No. | Vol. | Price($) |
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32 | 31722129 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 15616790 | 14 |
View Market Depth
No. | Vol. | Price($) |
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4 | 2047202 | 0.006 |
37 | 22971369 | 0.005 |
18 | 12651088 | 0.004 |
6 | 9377517 | 0.003 |
7 | 8600000 | 0.002 |
Price($) | Vol. | No. |
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0.007 | 11505476 | 18 |
0.008 | 4214871 | 9 |
0.009 | 3608054 | 6 |
0.010 | 9379722 | 12 |
0.011 | 3571818 | 3 |
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