Rock, See below comment I have made regarding their December announcement and coming back with <1Moz-Today’s downturn would be due to a lot of holders expecting over 1Moz, I was to. Yet the disappointment of not achieving this was overcome by the massive growth of the ‘measured’ resource - the actual money that is sitting in the ground. (See point 3)
-Any share holder that has done their due diligence on this company will remember this company has a successfully executed business model to toll mine/process to generate positive cash (2015-2016 from memory).
-133,000oz OF MEASURED RESOURCE, at today's AUD price of $2,150 that equates to hmmmm. $285,950,000. Even if all in costs are around 60% to turn this buried gold into cash, we are still looking at $114,380,000 of cold hard in the bank (of measured resource only - (excludes indicated and inferred)
M & A Target, page-20
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$1.76 |
Change
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Mkt cap ! $1.968B | |||
| Open | High | Low | Value | Volume |
| $1.74 | $1.78 | $1.72 | $6.123M | 3.494M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 5 | 101629 | $1.76 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 28417 | 3 |
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