Just speculating, but I would have thought based on copper and tin currently and the improvements available, conservatively Metals X would open around 60c to 70c per share. I wouldn't be surprised to see that in 12 months to be around $1.50/$1.80 if all things go well.
Westgold is a funny one though, I would think that might open around the $1.80/$2.20 per share which would give it a market cap of around $600m which is pretty low when you compare to Saracen which has a market cap of $800m and it produces about two thirds as much as Metals X does and MLX has pathway to 400,000 ounces, so I wouldn't be surprised if re-rates pretty quickly. Though MLX is a little higher on the cost curve.
My guess, Metals X is the smokey especially if Trumponomics take hold and commodity prices continue to rally and Aussie dollar stays low.
Whereas Westgold should probably merge with Northern Star to create a 1 million ounce company with long life reserve/resources.
These are my guesses only
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45.5¢ |
Change
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Mkt cap ! $412.3M |
Open | High | Low | Value | Volume |
44.0¢ | 45.5¢ | 43.3¢ | $1.953M | 4.353M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 110122 | 45.0¢ |
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Price($) | Vol. | No. |
---|---|---|
45.5¢ | 49999 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 103500 | 0.450 |
1 | 11363 | 0.440 |
1 | 200000 | 0.435 |
2 | 6860 | 0.430 |
4 | 111221 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.460 | 189800 | 4 |
0.465 | 200434 | 4 |
0.470 | 140000 | 4 |
0.475 | 31000 | 2 |
0.480 | 131230 | 8 |
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