Some rough numbers here to give perspective on today's announcement.
Assuming a recovery of only 41% the area around a single hole
at 50 metres radius is equivalent to current market cap. That would be likely to be in the measured category assuming measured at 50 metres, indicated at 100 metres and inferred at 200 metres. One hole equals the current market cap in the measured category if my assumptions are correct.
This stock is ridiculously undervalued on that basis. Market still asleep here. Should be an interesting quarter coming up.
Well done to management.
Going to steal a rugby league song for the theme song to WA1. We're movin' up the table like a hot cross bun.
Ann: West Arunta Project - Luni Assay Results, page-109
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Last
$19.28 |
Change
1.400(7.83%) |
Mkt cap ! $1.182B | |||
| Open | High | Low | Value | Volume |
| $17.88 | $19.58 | $17.67 | $4.057M | 214.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 296 | $19.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.28 | 484 | 1 |
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