Likewise here, SOC is the only gold stock I have exposure to as it should be completed sheltered
We are not looking at a mine with cash costs of $1300 like many other juniors in far out neck of the woods
We are also not losing any money with the decline in the POG
So when we do prove up a resource, even at $1300 it is still likely going to be commercial to mine, and therefore, a target for buyout from the likes of a NCM or similar who is forward thinking unlike retail sellers thinking about tomorrow's gold price
Remember we have $21M going into the ground from Jiangsu for 30% - so we are going to be one of few juniors spending big money this year and early next on exploration whilst others are shutting up shop
If PMR has success with their sedex drilling, then we may even see liquidity there and be able to realise some of the 80% shareholding we hold to raise additional funds
See what happens this week with Arcadia results
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Mkt cap ! $16.61M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 26372 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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12.5¢ | 99999 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 26372 | 0.110 |
2 | 74800 | 0.100 |
1 | 5154 | 0.097 |
1 | 150000 | 0.085 |
1 | 200000 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 99999 | 1 |
0.170 | 59840 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
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