I’m not trying to be anything other than rough guessing. 2.7-3.12 GP is neither here nor there in a rough back of the envelope calculations but assuming we agree on the tonnes at 29mt then we are in the ball park.And taking a 50% discount on orebody size on top of that was being conservative aswell.
Re my 0.85% cutoff comment, that was simply halving the best known grades at width (to be conservative) .
Bottom line, and this is my personal view, we know that there is (probably) an economic orebody (IF they can find more dirt at less than 100 mt depth (and hopefully at surface) that’s worth at least 35c a share. Obs, as more drilling comes through, we can put more flesh on the bone, but in the meantime, 27.5c seems cheap.
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Last
27.0¢ |
Change
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Mkt cap ! $14.60M |
Open | High | Low | Value | Volume |
26.0¢ | 27.0¢ | 26.0¢ | $51.75K | 197.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 9350 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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28.0¢ | 3571 | 1 |
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No. | Vol. | Price($) |
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1 | 9350 | 0.265 |
3 | 48444 | 0.260 |
3 | 53980 | 0.250 |
1 | 50000 | 0.245 |
2 | 81906 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 3571 | 1 |
0.290 | 20000 | 2 |
0.295 | 75370 | 5 |
0.300 | 9843 | 1 |
0.305 | 5582 | 2 |
Last trade - 15.59pm 21/05/2024 (20 minute delay) ? |
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Last
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Change
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