Great post! @metalbee.
I think we should be close to $17m cash at 31/12/2022 but understand the logic of conservative numbers.
I would think the push to 5c will happen by August 23. Probably travelling to 7c is my belief.
If they don't go on capital spend journey (which I think was done last year) they are on track for profit per share of $0.01 at PE of 6.2, current PE, we should be an assumed 6cps. Resource bull market which could happen this year could see us hit 12 to 16 PE.
8 months of production profits with estimate cash in Dec, which you noted as $14m, could see us at $36m to 40m in cash in August with a dividend payed in April to June.
Consolidation is plausible with BCN but I just had one in another stock and it has reduced the price spread (narrow range) and reduced the volume. Making it harder to load up on and or sell.
I would like to see us get to 50k ounces of production a year before we consolidate. Only my two cents.
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Last
2.7¢ |
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Mkt cap ! $101.4M |
Open | High | Low | Value | Volume |
2.6¢ | 2.7¢ | 2.6¢ | $27.55K | 1.059M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 896145 | 2.6¢ |
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Price($) | Vol. | No. |
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2.7¢ | 4992845 | 5 |
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No. | Vol. | Price($) |
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4 | 896145 | 0.026 |
3 | 1280000 | 0.025 |
7 | 1436582 | 0.024 |
6 | 1578479 | 0.023 |
3 | 1140000 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 4992845 | 5 |
0.028 | 9807869 | 6 |
0.029 | 1803903 | 6 |
0.030 | 6373835 | 14 |
0.031 | 1086276 | 3 |
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