If we take the share price to be 2.5c, this puts the market cap at $11m, with 275000oz mineral resource and $1.9m cash.
How does this compare with other gold explorers of a similar market cap, or with a similar resource?
Also, does anyone have any idea how much more gold resource might be required to initiate a feasibility study for a processing plant to be built onsite?
With the increasing POG and lower operating costs associated with onsite processing, there is a chance that further resources will be proved up quite easily.
If nothing else, it could be a cheap long term punt to buy into the rights issue. After all, it would only represent a small proportion of my total loss on this one.
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.532M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 3050000 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 709250 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 3050000 | 0.005 |
12 | 4603448 | 0.004 |
2 | 933333 | 0.003 |
2 | 1700000 | 0.002 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 709250 | 4 |
0.007 | 1358286 | 2 |
0.008 | 1375000 | 2 |
0.009 | 1129565 | 3 |
0.010 | 1800000 | 3 |
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