Yes you are right it might be showing up as .005 on our profile but in fact there’s only been a small amount sold at that figure. 90% of the sales have in fact been .0055 & .006
As I’ve said before I’m impressed with the strength of the share price and anticipate it will rise sharply on the release of results due shortly..
I think around 1.8c is fair value for the assets we are holding.. we are talking about possibly T1 projects here and have ample funding to continue to explore them.
I think with a few successful drilling programs under our belt and proven reserve the market cap Could easily be around 200 million when comparing with other similar projects. This would put us around 8c to 9c range again similar to other projects.
it will take time but it should also be considered that the mining costs in these countries are much lower and can be feasible at a lower and more sustainable gold price then a lot of the Australian projects.. I think if the gold price was to drop people would be reconsidering their investments in local projects and would be running to some of these larger low costs ventures, we will be perfectly positioned for this.
just my opinion let’s see how it pans out
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32.5¢ |
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Mkt cap ! $243.9M |
Open | High | Low | Value | Volume |
32.0¢ | 32.5¢ | 32.0¢ | $87.16K | 269.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 47111 | 31.5¢ |
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Price($) | Vol. | No. |
---|---|---|
32.5¢ | 38152 | 1 |
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No. | Vol. | Price($) |
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3 | 47111 | 0.315 |
7 | 217999 | 0.310 |
6 | 164272 | 0.305 |
10 | 334040 | 0.300 |
2 | 41501 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.325 | 38152 | 1 |
0.330 | 22780 | 1 |
0.335 | 2506 | 1 |
0.340 | 32670 | 1 |
0.350 | 193184 | 4 |
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