That's the thing, everyone trades stocks now, very few actually invest in them.
Let's take this company, how much money has it raised? let's say it was somewhere around $20 million? It has 800,000 ounces of gold, potential for rare earths and a project that could provide additional growth in the magnet space.
Divide $20 million by 800,000 ounces, you get $25 per ounce. That's cheap on the gold alone from an exploration perspective and the market cap yesterday was $19m. It tells me that the market is illogical and unable to do basic maths.
I have increased my stake over the past two months and will continue to do so when I am able to
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- Ann: 63.2 metres of 10.28g/t Gold at Colosseum Mine
Ann: 63.2 metres of 10.28g/t Gold at Colosseum Mine, page-60
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.745M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $1.6K | 266.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 5150000 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 2052508 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 5150000 | 0.005 |
4 | 3199999 | 0.004 |
2 | 6000000 | 0.003 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 2052508 | 2 |
0.007 | 1540698 | 3 |
0.008 | 796145 | 3 |
0.009 | 246979 | 2 |
0.010 | 2000000 | 1 |
Last trade - 10.15am 12/07/2024 (20 minute delay) ? |
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