Think, most of us who are holding at this stage, do not expect a $1 SP short term.
Even if they find the motherlode, there are other costs etc.
I for 1 am holding for dividend at this stage.
That will take time. but that is what will be bringing in a couple of dollars dividend every year for a decade or more.
infact even with the current 1.2moz already there:
At a net profit of only $500 per oz, the revenue would be $600 million
That would need further dilution, say 300 million more share issued
So total around 600 million shares.
Still $1 per share
***
Then you got to add
1) the current Pilbara Wits 2 angle.... would be $10 or $20 per share profit, if successful.
2) The 12kms more of potential Wits 2
3) The Lithium may add some some
Penny stock buyers, buy these for above reasons...
Think all boxes ticked
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Last
$1.48 |
Change
-0.045(2.95%) |
Mkt cap ! $3.547B |
Open | High | Low | Value | Volume |
$1.46 | $1.51 | $1.46 | $9.182M | 6.186M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 138169 | $1.48 |
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Price($) | Vol. | No. |
---|---|---|
$1.49 | 93049 | 3 |
View Market Depth
No. | Vol. | Price($) |
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1 | 9000 | 1.475 |
1 | 6478 | 1.465 |
1 | 638 | 1.460 |
4 | 72357 | 1.455 |
14 | 105927 | 1.450 |
Price($) | Vol. | No. |
---|---|---|
1.500 | 10000 | 1 |
1.505 | 18000 | 1 |
1.520 | 405 | 1 |
1.525 | 100000 | 1 |
1.530 | 10000 | 1 |
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