Personally my base case is around $10 USD per 2p of reserves. If they can fully convert that resource that'd give circa $57.5m AUD, or around 10c per share at this stage. Given what it would mean for the company in terms of cashflow and ability to fund other operations, a follow up well and capital initiatives it would likely be north of that. Elephant in the room is the options....I can only assume that they're hoping for a run-up in price and some conversions prior to spud....but I'm not sure the real world works that way.
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $4.581M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $12.46K | 5.721M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 11713008 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10212025 | 11 |
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| Last trade - 15.40pm 24/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |