I would say given the drop in share price yesterday the market generally agrees at this point in time.
ENV doesn't even need 1BT to deliver good results, 200mt plus and grades above 2600ppm and the MC will exceed VMM at approx. $100M. Every tonne or ppm above this will add millions to ENV MC.
We could see a 300mt - 400mt resource with decent grades and a have a significant rerate of MC well above VMM.
At the end of the day it comes down to results vs. expectations. Currently with SP action/MC there are limited expectations, any decent sized resource is going to surprise the MC and move the SP.
GLTAH
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Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $10.20M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $19.69K | 2.813M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 39175596 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 8989893 | 14 |
View Market Depth
| Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
| ENV (ASX) Chart |