Unfortunately, this early stage exploration with wide-spaced drilling to get a better understanding of mineralised structures - rather than chasing high grades - is rather unrewarding in the short term, but IMO the sheer abundance of prospects makes it necessary to do a lot of this.
The alternative would be to start drilling out a random prospect based on insufficient data, only to find out later that they've spent a lot of cash on something that is uneconomical or at least by far not the best on the concession.
Price may well go lower from here (once a stock is unloved, it gets quite unloved), but looking at the market cap compared to what they've got makes this a buy for me at these levels, and I have put my money where my mouth is.
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.07M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.5¢ | $620 | 41.30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 6405 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5 | 0.015 |
1 | 8697 | 0.014 |
1 | 40000 | 0.013 |
2 | 250000 | 0.012 |
1 | 275000 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 6405 | 1 |
0.019 | 13276 | 1 |
0.020 | 11001 | 1 |
0.021 | 2483157 | 1 |
0.025 | 136456 | 2 |
Last trade - 10.10am 30/08/2024 (20 minute delay) ? |
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