I did have a very quick chat with the company. They are indeed on target for production to commence in Quarter 3 (as per ASX anns) at around 1500 - 2000 ounces per month. The goal initially will be to repay all debt ASAP and then build up cash reserves.
Looking at current gold prices $AUD 4,560.
These guys are going to have a very very healthy cashflow commencing mid year. This seems to be "significantly" undervalued at current price.
cheers
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Last
14.3¢ |
Change
0.003(1.79%) |
Mkt cap ! $139.4M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 14.0¢ | $13.71K | 96.42K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 102479 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 210528 | 7 |
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| Last trade - 11.27am 07/08/2025 (20 minute delay) ? |
| NMR (ASX) Chart |