Tempted to buy moreAt this price the value of the entire company is equal to 1 quarter of earnings!!! This is insanity!
Things that we know are;
Trevali was priced at 0.80 cents per share at its lowest point ever in the middle of the pandemic and zinc had dropped to 0.80/lb. Company was basically bankrupt until Glencore saved it at great enrichment to themselves.
Zinc today is at 1.96/lb and medium term will not get much lower.
RP 2.0 has several billion lbs of zinc at a low AISC once it happens.
Company value through 2 sets of management is now down over 90% since Glencore offloaded the 2 African mines.
Glencore will not allow this company to go bankrupt as they want all the zinc offsets.
Uknowns are;
Financing
Perkoa viability
RP 2.0 start date
Caribou ROL
Manipulation of the stock price by big players at this level
Conclusion, may miss out on some super chear shares but will wait until 4th of May and Q1 earnings call to find out more.
GLTA