I'll answer for him, their is no catalyst for a $10 at this stage, silly question to us if you understand the even most basic valuation metric. He is simply high-lighting how undervalued he believes is and is over exaggerating the valuation.
@Aircore summarize it short and sweet, in a few months, once the MRE is out, we'll all a bankable resource to start throwing valuation numbers at. Or even better, just wait a little while for the scoping study and see some real numbers!
Successful prospects replicate other successful prospects and we are El Zorro is one of a only a handful that are listed on the ASX and easily by far the cheapest too. The only advantage the others have over us is that they have somewhat of a base resource to evaluate, we will have ours in a few months. I hope it's as big as it can be.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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1 | 719602 | 0.033 |
6 | 1535626 | 0.032 |
2 | 532258 | 0.031 |
1 | 229999 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 100000 | 1 |
0.037 | 280079 | 1 |
0.038 | 1051207 | 3 |
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