i dont think this stock will get anywhere near $10 in the short term.
Compare it to other midwest miners who have larger deposits, chinese partners and are closer to the port.
This stock is cheap now at just over $2/$150mil market cap.
But compared to GBG with 2 world class deposits a chinese partner, great management and already starting production on a 27mt hematite resource, it's not even close ($1.8/$800mil market cap).
I think if they upgrade to 100mt resource and get funding then a market cap of $300mil is realistic which puts the stock at about $4.
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Last
9.0¢ |
Change
-0.005(5.26%) |
Mkt cap ! $28.90M |
Open | High | Low | Value | Volume |
9.1¢ | 9.1¢ | 8.9¢ | $9.388K | 104.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 54700 | 9.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.5¢ | 235175 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 54700 | 0.090 |
1 | 63424 | 0.089 |
1 | 19639 | 0.087 |
1 | 170000 | 0.086 |
1 | 300000 | 0.085 |
Price($) | Vol. | No. |
---|---|---|
0.095 | 235175 | 1 |
0.099 | 10000 | 1 |
0.100 | 29000 | 1 |
0.105 | 10000 | 1 |
0.110 | 50000 | 1 |
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