I'll answer for him, their is no catalyst for a $10 at this stage, silly question to us if you understand the even most basic valuation metric. He is simply high-lighting how undervalued he believes is and is over exaggerating the valuation.
@Aircore summarize it short and sweet, in a few months, once the MRE is out, we'll all a bankable resource to start throwing valuation numbers at. Or even better, just wait a little while for the scoping study and see some real numbers!
Successful prospects replicate other successful prospects and we are El Zorro is one of a only a handful that are listed on the ASX and easily by far the cheapest too. The only advantage the others have over us is that they have somewhat of a base resource to evaluate, we will have ours in a few months. I hope it's as big as it can be.
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Open | High | Low | Value | Volume |
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3 | 193533 | 0.028 |
6 | 629517 | 0.027 |
3 | 1630000 | 0.026 |
3 | 363000 | 0.020 |
Price($) | Vol. | No. |
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0.030 | 190085 | 3 |
0.031 | 2139 | 1 |
0.032 | 170000 | 2 |
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