So, from this and the few posts after, what it comes down to at this point in time is project risk. If we can't get large investors onboard until after PFS / DFS stages then best we can hope for in the short term is a liquidity pump that would at least allow us to raise some cash at a reasonable level.
It seems clear to me that we will need another $15-$20 million to carry out last rounds of drilling for DFS, (as far as I can tell the DFS requires reserves?) so there is going to be quite a bit more dilution no matter what way you look at it.
From my point of view, there is a reasonable chance that this could go sideways for 18-24 months with dilution. If that's not factored into expectations then there will be a lot of unhappy investors around.
Best case scenario is sector sentiment turns ASAP and we start to trade closer to a fair value based on the PFS numbers in early 2025.
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15.5¢ |
Change
-0.015(8.82%) |
Mkt cap ! $37.75M |
Open | High | Low | Value | Volume |
16.0¢ | 16.0¢ | 15.0¢ | $150.5K | 953.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 91898 | 15.5¢ |
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Price($) | Vol. | No. |
---|---|---|
16.5¢ | 66000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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3 | 91898 | 0.155 |
5 | 95167 | 0.150 |
3 | 103384 | 0.145 |
3 | 320000 | 0.140 |
3 | 49358 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 66000 | 1 |
0.170 | 20036 | 1 |
0.175 | 10000 | 1 |
0.180 | 38701 | 5 |
0.185 | 5555 | 2 |
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