Australian (ASX) Stock Market Forum

Reply to thread

Cheers Ann. In fact your Lithium ETF graph and my Lithium price graph looks remarkably similar, so they seem to have very good correlation.


Based on your research too I can add to my conviction that there is certainly good potential for this battery recycling project. Currently the NMT Market Cap is quite small at ~$128m so as I said before the market hasn't factored in the size of the project potential into the share price. The thing is there probably needs to be a catalyst like a surge in Lithium price as we discussed earlier or a Definitive Feasibility Study (DFS) as Knobby pointed out that could trigger a re-rating of the share price.


So let's keep an eye on this thing, I reckon once there is momentum behind it, it will start to get more and more coverage and in terms of SP, won't stay in the doldrums any longer. If you happen to see signs of share price momentum and signs of potential higher prices from chart analysis, keep us posted. In terms of the fundamentals I will not hesitate to buy it as a speculative miner with a lot of future potential in my Speculative Stock Portfolio.


Top