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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$2.12 |
Change
0.010(0.47%) |
Mkt cap ! $2.378B | |||
| Open | High | Low | Value | Volume |
| $2.05 | $2.15 | $2.03 | $10.14M | 4.807M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 57816 | $2.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.15 | 6996 | 3 |
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