HMX - Charts, page-132

@Spider75 you are on the money. That boils down to scarcity. With demand, that simply causes the price to rise. Copper, precious metals and rare earths are now in a rising cycle. I would also say a few holders in the free float hold a few million too, and are long and will create more scarcity together with institutions or stakeholders walking the stock around and syphoning off for accumulation. That really adds to scarcity long term. But long term value always comes back to yield and a reason to accumulate. I think we will get more overseas investors seeking comparatively higher yield in Australia in companies like HMX in this new era because their domestic economies have been stuffed by Covid reducing velocity of money, impending inflation and redundant technology. I expect price to be in dollars down the track.