Conceptual upside +29 cents per share. Current JORC is 1.2M ounces of gold (less than 5% of target zones) within a strike line that has multi-million ounce potential. I assume that recent (Canadian funding) cash injection should see expedited drilling campaign push JORC to +2.0M ounces in next 3-6 months.
Assume that +2.0M ounces x $200 per ounce Enterprise Valuation = +$400M.
That equates to a share price of +29 cents (based on currently issued 1.4B shares).
Our golden puppy is priced at 4.2 cents, so near term upside is +6.9x before we account for increasing gold price and peer group EV per ounce (which currently exceeds $250 per ounce) of JORC resources. Good luck to all longs.
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Conceptual upside +29 cents per share
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Last
3.4¢ |
Change
-0.002(5.56%) |
Mkt cap ! $93.91M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.4¢ | $235.7K | 6.620M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 2323736 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 75190 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 2323736 | 0.034 |
10 | 1127923 | 0.033 |
15 | 1479381 | 0.032 |
9 | 1527161 | 0.031 |
22 | 2755266 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 75190 | 1 |
0.038 | 1424231 | 5 |
0.039 | 972958 | 7 |
0.040 | 1547566 | 6 |
0.041 | 661123 | 6 |
Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
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