It's not a resource, it's a target. Important difference.
If it was a resource the MC would be 5-10 times what it is now. If it turns out a resource can't be defined because pegmatites are poddy and/or grades are spotty the SP will probably drop back to 1c or under.
That's my take on DHR's upside potential and downside risk. I'll be looking to buy more tomorrow.
Ann: Response to ASX Price Query, page-55
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.762M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $6.784K | 438.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1816832 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 295412 | 1 |
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| Last trade - 15.57pm 19/07/2024 (20 minute delay) ? |
| NPM (ASX) Chart |