In-situ value is 5000t x $25000 per tonne = $125m.
Probably very marginal at grades of less than 1%.
Worth very little until proven and would need a lot more tonnage to be viable imo. Maybe that will come with further drilling, plus this is only from the lesser of the 2 areas. Wanaka is the most prospective area. Something to build on for the future more than anything else.
I dont know what its worth to the share price, but the market thinks not much at the moment. EYE is cheap but has quite a lot of risk. Happy to have a few for a 6 month hold. Then again you could put your money into just about any iron ore stock and have less risk.
why is this stock falling so rapidly..., page-10
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Last
28.0¢ |
Change
0.010(3.70%) |
Mkt cap ! $61.78M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.0¢ | 27.5¢ | $28.86K | 103.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7777 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 5415 | 1 |
View Market Depth
| Last trade - 12.06pm 16/07/2024 (20 minute delay) ? |
| EYE (ASX) Chart |