CHZ (senegal) has had a bid for ~$90mill for its deposit (780,000 oz's) near surface. Large difference is CHZ's around about 75% in the indicated category.
This equates to a $110/oz valuation basis, which would equate to SRR being valued at $250mill+ or a share price of $1.70.
Understandably, CHZ is further along with a low capex Scoping Study completed with an NPV of $296mill. I think the shallow nature of both deposits, quality oxide resource and the potential for a low capex, quick start up mine is the benefit for both.
SRR needs to spend some big $$ on drilling and increase the indicated category to go hand in hand with the PEA being released in the next few months.
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Mkt cap ! $3.203M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 143574 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.8¢ | 300000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 143574 | 0.023 |
1 | 150000 | 0.022 |
1 | 100000 | 0.020 |
1 | 50000 | 0.019 |
1 | 55550 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 300000 | 1 |
0.030 | 190000 | 2 |
0.032 | 80000 | 1 |
0.035 | 25000 | 1 |
0.039 | 41000 | 1 |
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