RE: RE: Sector Peer Analysis8 Feb 2024 19:51
What did EEE have a year ago?
Just a handful of range traders, one or two posts a week, and a geo mag survey suggesting they had a potential copper resource.
When they hit the titanium, alot of the posters over there didn't even have a clue as to whether the drill results were any good or not. :-)
Roll on a few months and it's trading around £60m market cap and arguably should be, and has been much higher.
Still similar exploration success here and that's 20 x bagger up from our lows here of sub £3m market cap.. which is just plain silly. & grossly oversold.. even in these markets a company with all our licences with the work done so far and collared holes ready for deep Diamond drills and Assay results pending and about to start drilling in a few weeks on a highly gold endowed licence such as mosquito creek woud probably come to market between 15-20m market cap minimun.
As I posted over on the He1 bb recent.....
"GGP actually hit £1.5bill market cap at its peak in the run up to their Maiden Resource Estimate.
That was quite some run up from the days when it was only around £5mil market cap on its lows.
But an amazing example of how exploration comps have a tendency to both overshoot to the downside and then on success can violently correct and often speculation can fuel the SP massively to the upside"