I am trying to understand why people are so concerned about an explorer being valued at 1 billion - If the resource is there and BIG its there and BIG.
Sure 1 billions a lot of money but when you have possible 10-20 million ounces of gold (near surface and infrastrucure) I am guessing its fair if not undervalued.
Trading has been exceptional on the stock and keeps going so someone big doesn't mind the Market Cap
Ann: Further High Grade & Expanded Footprint at Hemi, page-395
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Last
$1.22 |
Change
0.005(0.41%) |
Mkt cap ! $2.899B | |||
| Open | High | Low | Value | Volume |
| $1.22 | $1.22 | $1.21 | $590.5K | 486.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 171461 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 162746 | 18 |
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| Last trade - 10.29am 15/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |