Wanelad1, yes you are correct that POG is questionable, but if you read the other thread re the fundamental valuations, provided by Southern Cross, Mgm1a and myself, each believe that at a substantially lower gold price the value remains way above current levels. So you have to go below about US$740/oz (depends on US exchange rate) to arrive at a fundamental value of 13.5 cents!!!
Further, when in production, RED WILL trade at a PREMIUM to its fundamental value, NOT a discount like it is now IMO.
preliminary mapawa drilling positive, page-12
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Last
37.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.550B | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.0¢ | 37.0¢ | $5.719M | 15.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 199992 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 418122 | 5 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| VAU (ASX) Chart |