Someone correct me if I'm wrong as I'm still new to the stock market etc and learning as I go,
So If I'm understanding this correctly, Alkanes 'Boda' discovery has created huge interest/attention in the Lachlan fold belt area and it's being dubbed as elephant country. Right now they are sitting around the $600million+ market cap.
Comparing that to DEG with their Hemi discovery boosting them to a whopping $1billion+ market cap. From an average punters perspective that would make it seem like our area around Degrey could be as hot as the Lachlan Fold Belt.
Now here CNB are, with what looks to be a very juicy looking tenement in what is proving up to be a significant area for gold resources(potential elephant country) plus the huge potential for the tick hill extension that is just as exciting and we are at just a $25million market cap. Not to mention the incoming cash, the open pit cut back AND the huge under the radar copper deposits.
So theoretically if I have this right with market caps etc, all we need to do is find a something 1/5th as good as DEG or 1/3rd as good as ALK, between our 2 very very promising tenements, and we are at a market cap of $200million with a share price around $2.
Is that correct or am I over excited? Have I missed something?
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Mkt cap ! $79.95M |
Open | High | Low | Value | Volume |
45.0¢ | 48.5¢ | 42.5¢ | $119.3K | 264.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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2 | 17772 | 0.445 |
2 | 8016 | 0.440 |
2 | 10000 | 0.430 |
1 | 650 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.460 | 3100 | 2 |
0.465 | 4929 | 2 |
0.470 | 52015 | 1 |
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