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0.4¢ blaze minerals limited

$20mill is nothing with the cash they have, the people they have...

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Chasingnirvana

2,290 Posts.

12

27/07/20

15:24

Post #: 46097093
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Originally posted by Mundo122: ↑

Even take away the oppies then MC close to 20 mill.

You've got TMZ for example with a MC of 4 mill drilling with known hits valuing it at 30 mill MC for example. That company is 4 mill MC.

This is pure Tolga/Bhags pump here. What people dont understand is its more of a LT play.

If they hit gold its more than likely gonna be already priced in so its a sell the news kind of thing.

Need to prove a resource before pricing in such a high value. Again this is pump on Tolga kind of play. Nothing wrong with riding it, just dont be caught up top which cant be too far away now cause alot of DT's in this. IMO.

Of course if you are here for the LT who cares about day to day movement. I do however feel you can sell now and get back in cheaper cause no way she gonna maintain this valuation without any defined resource. All IMO

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$20mill is nothing with the cash they have, the people they have on board and the nearology at play. I've seen total shells with no cash and just a few chicken scratching of gold run much harder.

Also how can you possibly say at $20mill MC them finding gold is already priced in - seriously !

Last edited by Chasingnirvana: 27/07/20

BLZ Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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Last 0.4¢		Change -0.001(20.0%)		Mkt cap ! $2.514M

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