re: Ann: Exciting New Gold Discovery at Horse... There are very few gold explorers with a cap under 10 million (actually under 8 million right now) who have 30 odd metres of gold from the surface.
The big question is whether these were three incredibly lucky drill hits, striking a narrow area of gold with just sand & rock all around them, or whether the deposit is larger & extends outwards.
If they don't hit more gold on subsequent drills, they're out of luck & need to look elsewhere, and the price will stagnate. If they do hit more, indicating a larger deposit, they deserve a much larger market cap hence the "no brainer" comment. I'm not sure its a no brainer just yet, especially in our sceptical market, but its very close :)
- Forums
- ASX - By Stock
- STK
- Ann: Exciting New Gold Discovery at Horsewell Gol
Ann: Exciting New Gold Discovery at Horsewell Gol, page-239
-
- There are more pages in this discussion • 99 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STK (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.7¢ |
Change
-0.003(3.75%) |
Mkt cap ! $169.9M |
Open | High | Low | Value | Volume |
8.0¢ | 8.0¢ | 7.6¢ | $50.12K | 640.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 483098 | 7.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.0¢ | 93360 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 483098 | 0.076 |
3 | 310000 | 0.075 |
3 | 228783 | 0.074 |
1 | 10000 | 0.072 |
2 | 131888 | 0.071 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 93360 | 1 |
0.081 | 150806 | 3 |
0.082 | 300806 | 2 |
0.083 | 806 | 1 |
0.085 | 50000 | 1 |
Last trade - 15.53pm 13/11/2024 (20 minute delay) ? |
Featured News
STK (ASX) Chart |