@notlistening14 just explained a few posts up, maybe he should elaborate about it a bit more in a more simplistic way.
FTT trading at $1.7m MC with $4m cash (according to last quarterly) and a likely large R&D rebate coming? I.e less than cash backing.
IMO ASX shells are normally worth $3m-$5m MC (e.g RMX).
Implied valuation of at least 2-3x current share price from here for FTT once the dust settles?
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