$4.8 billion gold resource, only ~$130m market cap

  1. 732 Posts.
    lightbulb Created with Sketch. 230
    1.84million ounces resource at USD$1.95k per ounce gold price currently = USD$3.6billion or AUD$4.8 billion at 0.75 exchange rate.

    https://hotcopper.com.au/data/attachments/4203/4203839-fbdd8d00818d930a0a384a48a45be907.jpg

    Not only that, they have around $20m cash on hand from recent cornerstone investment raising.

    2x directors recently bought up $150k worth of shares.

    Australian mine, not some bs high risk country. It's right here, in our backyard.

    Why is this trading so cheaply at ~$130m market cap?


 
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(20min delay)
Last
93.0¢
Change
-0.010(1.06%)
Mkt cap ! $398.5M
Open High Low Value Volume
94.5¢ 95.5¢ 92.5¢ $533.5K 567.8K

Buyers (Bids)

No. Vol. Price($)
4 23971 92.5¢
 

Sellers (Offers)

Price($) Vol. No.
93.0¢ 21256 1
View Market Depth
Last trade - 14.09pm 19/09/2025 (20 minute delay) ?
AUC (ASX) Chart
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