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.
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?
$4.8 billion gold resource, only ~$130m market cap
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 (20min delay)
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Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $80.36M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 285833 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 550616 | 3 |
View Market Depth
| Last trade - 16.12pm 04/06/2024 (20 minute delay) ? |
| AUC (ASX) Chart |
Day chart unavailable