so staying optimistic, I’ll punt on 2.5m ounces from DEG projects pre-Hemi. Then another 3m ounces at Hemi.
Then it’s a question of whether there’s another Hemi to uncover at some of the other locations they are looking.
Even at 5.5m ounces the market cap would be double where we are now, assuming new share issuance is kept under control. That’s ignoring other discoveries and general overexcitement in the market, especially if gold keeps spiking.
That says to me this still has a lot of legs, especially when you look at how CMM is trading on a lower resource, albeit further towards building a mill.
$207m market cap, page-4
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Last
$1.14 |
Change
0.050(4.59%) |
Mkt cap ! $2.732B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.15 | $1.10 | $13.39M | 11.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 380096 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 204419 | 5 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DEG (ASX) Chart |