Hi Volley. The majority of the positive comments on this stock come from myself and Jfer, also not a director. Im also buying as the stock sits at this level. No ramping needed. It's maths and a gamble. Whoever is selling isnt ramping on this site. M
The issue purely rests on "what are the cobalt grades in the first drill". Nothing more, nothing less. The only reference we have to work on is the nearby drill from BMR which is averaging 1.3 and .8 respectively, which is a reasonable resource at these volumes. . . then the cost of any development needed if the resource pays off. If the first holes are a duster it will go sub 2 . . if the first holes draw 1%+ levels it will double. Pretty much it
Ann: Mulligan Maiden Drill Program Finalised, page-19
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Last
10.3¢ |
Change
-0.003(2.38%) |
Mkt cap ! $235.3M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $134.7K | 1.304M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 3065703 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 973637 | 25 |
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| Last trade - 11.43am 04/10/2024 (20 minute delay) ? |
| MEI (ASX) Chart |