EMH 7.69% 28.0¢ european metals holdings limited

Does anyone else here follow LAC in detail? Would I be correct...

  1. 86 Posts.
    lightbulb Created with Sketch. 11
    Does anyone else here follow LAC in detail? Would I be correct in saying that they own 50% of the resource so in effect their share of the NPV is around 400m. So essentially once we de-risk by getting to DFS stage after hopefully securing finance and off-take agreements as they have, we should be looking at a market cap at least 25% higher than theirs by peer comparison standards (given our conservative NPV is 25% higher than their 400m). So that's 212m GBP or around 3 times higher price than currently.

    The reason I ask if anyone follows them here in detail is that I'm pretty sure the de-risking for them only came around recently, and their price was floating around where it is now even last August, well before DFS and joint venture announcement etc. The mind boggles really.
 
watchlist Created with Sketch. Add EMH (ASX) to my watchlist
(20min delay)
Last
28.0¢
Change
0.020(7.69%)
Mkt cap ! $34.82M
Open High Low Value Volume
26.5¢ 28.0¢ 26.5¢ $2.747K 10.34K

Buyers (Bids)

No. Vol. Price($)
1 30000 26.5¢
 

Sellers (Offers)

Price($) Vol. No.
28.0¢ 10000 2
View Market Depth
Last trade - 13.52pm 29/03/2024 (20 minute delay) ?
EMH (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.