I'm not sure we will see $0.20c off the back of positive news from this drilling campaign alone. Perhaps if we also get some positive results from the copper drilling we could get a significant bump in SP.
Confirmation that gold is there is the first step, and good intersections may definitely put a rocket under the share price, but I believe we will only have inferred resources.
if we have consistent gold coming back at 0.3g per tonne across drill holes, I think we might crack $50m market cap.
i think it will take really good grades up around 0.4g - 0.6g per tonne to get to 100m market cap, and I think that's unlikely.
regardless, as Christine said, the heli supported drilling offers access, but the compromise is it is quite shallow depth and we will need to raise again to get bigger equipment in to drill a lot more holes and a lot deeper in order to prove up whatever is there.
I'm confident that once gold is confirmed, management will work very quickly to to raise the money we need to get to measured and indicated, as well as do deeper drilling.
this is really exciting, and I'm impatiently waiting for that trading halt followed by a positive announcement.
it's not just about good luck, it's about doing the research, being prepared and following it up with hard and meticulous work, and I think Christine and the team have that covered.
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Last
7.6¢ |
Change
-0.001(0.66%) |
Mkt cap ! $93.30M |
Open | High | Low | Value | Volume |
7.6¢ | 7.8¢ | 7.4¢ | $182.5K | 2.393M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10833 | 7.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.6¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10833 | 0.075 |
3 | 327089 | 0.074 |
7 | 269809 | 0.073 |
6 | 1432590 | 0.072 |
4 | 143000 | 0.071 |
Price($) | Vol. | No. |
---|---|---|
0.076 | 100000 | 1 |
0.077 | 16543 | 1 |
0.078 | 778021 | 3 |
0.079 | 138900 | 2 |
0.080 | 105723 | 3 |
Last trade - 13.44pm 01/08/2025 (20 minute delay) ? |
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