My view is that if big enough interests are out there putting downward pressure on the SP by selling into news that is just another indicator of value - they would only go to the effort of doing so if they see sufficient upside in the long term to accumulate at a relatively small discount now.
Also, not convinced about the need for a further CR to fund the land expansion. Would be far more economical and far less risky to use farm-in agreements and acquire interests via drilling expenditure. If it turns out the mineralization does not extend further E-W (or even N-S) beyond the existing tenements, then there are plenty of new targets/infill to be drilled on the existing land to add significant ozs. Of course, Co may need to CR to fund more drilling, but that's the only way to add more ozs anyway. As KK has said for the last two years, at this point the only thing limiting the value of the resource is drilling.
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Last
4.5¢ |
Change
-0.003(6.25%) |
Mkt cap ! $63.17M |
Open | High | Low | Value | Volume |
4.9¢ | 4.9¢ | 4.5¢ | $85.57K | 1.843M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 315000 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.8¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 315000 | 0.043 |
1 | 280000 | 0.041 |
3 | 385000 | 0.040 |
1 | 290000 | 0.039 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.048 | 50000 | 1 |
0.049 | 78518 | 1 |
0.050 | 329968 | 3 |
0.051 | 115986 | 2 |
0.052 | 231964 | 4 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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