The current market cap is around 16m.
Should finance be achieved the share price should hover around 8c or more.
8c = 33m market cap
Considering the finance package will be worth 42m++ this seems to be a reasonable short-term target. Options are only in the money above 8c and people are paying 0.5c for them which suggests they believe the share price to go beyond 8.5c.
Personally, i think a fully financed goldie with margins sufficient to withstand gold price swings will attract a lot of investors and north of 15c is certainly possible. I patiently wait for the day with 30-50% increases.
market cap will easily double upon finance
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Last
26.0¢ |
Change
0.008(2.97%) |
Mkt cap ! $195.0M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 27.0¢ | 25.0¢ | $741.4K | 2.859M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 85129 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 31439 | 3 |
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| Last trade - 13.25pm 15/08/2024 (20 minute delay) ? |
| TCG (ASX) Chart |