Anthony Gray must feel that it's worth buying more at these levels. He only purchased $4,267.32 on 11 October @ 8.6c but it has never been this low. Anybody selling is selling at the low and losing money.
The last presentation says that the plant is worth around $15m and Construction Costs thus far have totalled $20m, equipment is worth around $1m and the employees & management are priceless. With a $9m market cap...even Anthony Gray wants to average down.
There are open pits and undergrounds to mine over the coming years. In a good market you would have to think that IPO investors will get their money back.
ORS Price at posting:
7.6¢ Sentiment: Hold Disclosure: Held
