so market doesnt like this goldie?
480m fully diluted (disregarding out of money options)
MC 24m at 5c
Cash Sep Qtr=1.6m+2.3m (placement at 6c)+850k (placement at 5.5)=4.8m rough
30m partly paids (still 11c to pay) brings $3.3m
EV=24-4.8-3.3=16m
900k oz resource, 450k oz proven reserve, open pit
DFS done
environmental approval granted
DFS uses 505/oz cash cost
CAPEX 136m according to DFS
but latest update on company website revealed 2nd hand plant option, which could save tens of millions on 136m required
http://www.atlanticgold.com.au/
the company is one step away from mining, ie funding.
current EV is a joke
placement price consistently above prevailing market price
And management
these guys developed Plutonic Resources which was taken over by Barrick
Mr. Ronald J. Hawkes serves as Non-Executive Chairman of the Board of Atlantic Gold NL. He is a Board member since 18 January 1999. Mr. Hawkes has 44 years? experience in the mining industry and was formerly the Managing Director of Plutonic Resources Limited. He is a member of the Audit Committee and the Remuneration Committee. His Qualification is BSc, FAusIMM, FGAC.
Mr. Walter R. Bucknell serves as Executive Director of Atlantic Gold NL. He is a Board member since 18 January 1999 Mr Bucknell has 40 years? experience in the mining industry and was formerly the General Manager ? Exploration of Plutonic Resources Limited. He is a member of the Audit Committee and the Remuneration Committee. His Qualification is BSc (Hons), FAusIMM, FGAC, MSEG.
market needs to wake up
the EV/oz is an absolute joke
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Mkt cap ! $14.13M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 186827 | 3.9¢ |
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Price($) | Vol. | No. |
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2 | 200000 | 0.038 |
1 | 27027 | 0.037 |
1 | 27777 | 0.036 |
3 | 233646 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 5000 | 1 |
0.043 | 39949 | 1 |
0.044 | 296749 | 1 |
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0.050 | 750000 | 1 |
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