I agree.
I posted this on AUT 9 days ago.
A rough rule of thumb to value a gold explorer pre production is take 10% of the value of the gold resource at the current gold price.
In the case of Auteco that equates to 23 cents per share based on current inferred resource of 1.7 million ounces.
At some stage the SP will pop but who knows what the trigger will be. Maybe the resource upgrade coming in Feb'22.
Cheers.......D
Ann: AUT to Present at RRS Boom in a Room Investor Conference, page-3
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Last
98.0¢ |
Change
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Mkt cap ! $471.0M | |||
| Open | High | Low | Value | Volume |
| 94.0¢ | 98.5¢ | 93.0¢ | $1.473M | 1.535M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7179 | 97.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 98.0¢ | 94633 | 2 |
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