So what sort of value are we talking. I am a shareholder and am a true believer. I think that the market has no idea how to value this stock.
Deposits in the Tennant Creek mineral field have in the past been fairly small in tonne sbut very rich in terms of grade. High grade underground mines don't need big and expensive mills and don't need to transport huge tonnes on material.
While results to date are good - the next few months could easily firm up reasonable gold/copper tonnes at Goanna and Monitor (both 100% ERM) and bring forward a refurb of the mill and transition to producer.
The stock could make a profit of $20-30m a year - which suggests that its grossly undervalued - but still subject to additional drill results to confirm tonnes/grades.
Fill your boots girls - these guys are going to find more valuable tonnes now they have the hellitem technology..........
DYOR
I am long.......and bullish.
- Forums
- ASX - By Stock
- ERM
- ticks all the boxes
ticks all the boxes, page-8
-
-
- There are more pages in this discussion • 7 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 ERM (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.8¢ |
Change
0.002(4.35%) |
Mkt cap ! $26.14M |
Open | High | Low | Value | Volume |
4.8¢ | 4.8¢ | 4.8¢ | $398 | 8.302K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 22200 | 4.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.6¢ | 717 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 22200 | 0.044 |
1 | 23500 | 0.042 |
1 | 30000 | 0.041 |
1 | 28344 | 0.040 |
3 | 39406 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 717 | 2 |
0.048 | 20198 | 1 |
0.049 | 22498 | 1 |
0.050 | 131283 | 2 |
0.052 | 19196 | 1 |
Last trade - 10.02am 11/10/2024 (20 minute delay) ? |
Featured News
ERM (ASX) Chart |