Market Capitalization of Scandium companies
I tried to do this on my phone from work today and it didnt work very good.
Anyway these companies are in mining friendly Australia:
Clean Teq - CLQ on ASX ---210 Million
Scandium Intl Mining - SCY on TSX -----43 Million
Platina - PGM on ASX ----19 Million
Metallica - MLM on ASX ---- 7 Million
SCY is the more advanced project with a completed DFS and a signed off-take agreement for half of the first years production.
What could be the proper valuation of the water purification business of Clean Teq because right now CLQ is valued at 5 times more than SCY. This would value SCY at .95 minus whatever the water purification business is worth and the other business the company generates.
There is a huge difference in the valuations of these 2 companies.
CLQ has been on a run with the stock price and SCY has been held back from relentless selling which has just started to change.
I think we must go higher from here