Had a think about this… IMO it’s a show of confidence.
Cobar style deposits are deep (drilling costs add up) and they’re bringing in a DD rig (or maybe 2). 10M might get ~25 holes, considering all in costs.
Raise now while it’s hot, de-risk the entire project & do some serious exploration. AGC just proved this belt contains high grade mineralisation - get funds, fly aerial EM along the entire belt (generate a heap of regional targets). Multiple DD rigs @ Achilles, then push exploration regionally. This all costs money, but IMO drives the potential higher.
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Last
14.5¢ |
Change
-0.010(6.45%) |
Mkt cap ! $37.20M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.5¢ | $4.056K | 27.62K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 275695 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 499760 | 4 |
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| Last trade - 12.11pm 25/06/2025 (20 minute delay) ? |
| AGC (ASX) Chart |