ENR encounter resources limited

Ann: Diamond Drilling Commences at Aileron - West Arunta, page-46

  1. 9,393 Posts.
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    Fully diluted there are 468m shares on issue. Taking the SP to $2 would equal the Mcap of WA1. It's simply not going to happen on some aircore results while WA1 has a large resource drilled out with a Mcap of just on $1B.
    I would suggest it would take continuity of good results to just hold present Mcap and only something new and really promising would push the SP a lot higher. In the longer term anything is possible, but it will all be results dependent.
 
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