Depends on the maiden resource for Boda, which is not far away. April ETA.
Is the chart telling us that a tier 1 deposit is more likely than not?
Surely a tier 1 needs to confirm more than 7m oz+.
I'm not an expert, but let's say 1.6–2bn market cap possible on confirmation.
Current market cap is ~730m.
I'm bias, but for what it's worth my stab is $2.70+
Just for speculation, here is one scenario. I have ghosted out a pattern bar in blue of the previous run from 2019. It assumes a slight delay in the results from here before the next leg up (let's hope they deliver).
The pattern bar was added back in February – so far it is very closely aligned.
Depends on the maiden resource for Boda, which is not far away....
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Last
57.5¢ |
Change
-0.010(1.71%) |
Mkt cap ! $346.9M | |||
| Open | High | Low | Value | Volume |
| 58.5¢ | 59.0¢ | 56.5¢ | $1.109M | 1.920M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 47384 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.5¢ | 20486 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
57.5¢ |
Change
-0.010 ( 2.08 %) |
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| Open | High | Low | Volume | ||
| 58.5¢ | 59.0¢ | 56.5¢ | 493430 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| ALK (ASX) Chart |