On subject of rhyme or reason, I lack both but Im in anyway
The mkt lacks what the thread title suggests also.
GMD now have a mkt cap of 372 mill. (Change of ownership and some big hitters coming onboard). Up 140% today.
GMD has the following.....
The current Mineral Resource of the Ulysses Gold Project stands at 27.3Mt @ 1.8g/t gold for 1,608,000 ounces of contained gold. This provides a strong foundation for Genesis’ development as a future mid-tier Australian gold company.
This is likely to be an underground development (which is obviously feasible according to NST- grade maybe dragged down a bit 1.8 g/t probably misleadingly low, but still).
AUT - Canadian based. (Im putting this a slight disadvantage becuase of iron ore i.e - Aussy dollar weakness will support Aussie producers more than Canadian - but its not huge).
mkt cap $130 mill.
30 mill cash (although most cash reqd for earn in to 80% of project).
Resource wise.
8.8Mt @ 8.1 g/t for 1.7 million ounces.
Yep, the reource needs to defined a little more but four rigs on site doing the business so newsflow will be good.
In short same size resource as GMD with a much higher grade at 1/3 the price.
Probably to simplistic and if Ive missed anything call it out.
- Forums
- ASX - By Stock
- FFM
- Rhyme OR Reason?
Rhyme OR Reason?, page-40
-
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FFM (ASX) to my watchlist
|
|||||
Last
94.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $451.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13468 | 99.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
88.5¢ | 1 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 13468 | 0.990 |
3 | 43563 | 0.940 |
1 | 3208 | 0.935 |
1 | 16300 | 0.930 |
1 | 2000 | 0.925 |
Price($) | Vol. | No. |
---|---|---|
0.885 | 1 | 1 |
0.900 | 15036 | 2 |
0.910 | 10000 | 1 |
0.920 | 4200 | 1 |
0.930 | 100000 | 3 |
Last trade - 09.56am 27/08/2024 (20 minute delay) ? |
Featured News
FFM (ASX) Chart |
Day chart unavailable