The MRE already has 70% tonnage of what the market classifies as a tier 1 gold mine with high grade, what's your MC valuation when this does become a tier 1 gold mine with this high gold grade? Very conservative $800M......
But if does become 10Moz+ then it will be classified as a super tier 1 gold mine which is very rare especially with average gold grade of 1.5g/t so close to the surface, the MC will be much higher with the government more than likely allow PDI to drill into buffer zone 1 from Bankan Creek (logically you would think) confirming to the market buffer zone 2 isn't an issue and won't affect the ML process.
IMO the pps is currently 50% undervalue due to the buffer zone 2 "issue", MC of $400-450M is a very fair valuation of 4Moz with 1.5g/t gold grade.
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Last
24.0¢ |
Change
0.020(9.09%) |
Mkt cap ! $564.2M |
Open | High | Low | Value | Volume |
23.0¢ | 24.5¢ | 22.8¢ | $2.146M | 9.062M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 353155 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 609019 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 353155 | 0.240 |
5 | 147756 | 0.235 |
1 | 100000 | 0.230 |
4 | 323000 | 0.225 |
8 | 279562 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 409019 | 7 |
0.250 | 8214 | 2 |
0.255 | 50000 | 1 |
0.260 | 61000 | 2 |
0.270 | 79239 | 3 |
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