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7.3¢ itech minerals ltd

How about an explorer that has locked up all of the good...

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lightbulbnz

1,152 Posts.

203

08/07/24

08:15

Post #: 74647126
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Originally posted by barneydigs: ↑

Not at all. When it comes to explorers I am just as much a degenrate gambler as the next hotcopper simp. But someone made a comment that they look for a moat in an explorer (and quality of hotcopper commentators which is a really strange one). I found the idea of a moat in an explorer an interesting concept so I asked the question. Its not something i had really thought about before. Can an explorer have a moat like a stock that has a brand or a monopoly or a barrier of entry that really provides an enduring competitive advantage. The responses so far have certainly not convinced me that a moat in an explorer is possible. A miner or maybe even a developer that is bottom quartile in costs, with scale and safe jurisdiction I can maybe see it. But even then they are exposed to the commodity cycles.

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How about an explorer that has locked up all of the good tenemants in the area? Moat or not a Moat?

ITM Price at posting: 7.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 7.3¢		Change -0.002(2.67%)		Mkt cap ! $12.46M

Open	High	Low	Value	Volume
7.3¢	7.3¢	7.1¢	$12.48K	172.7K

Buyers (Bids)

No.	Vol.	Price($)
3	29100	7.1¢

Sellers (Offers)

Price($)	Vol.	No.
7.3¢	190396	2

View Market Depth

No.	Vol.	Price($)
3	29100	0.071
4	176000	0.070
3	463640	0.068
2	100500	0.067
1	3225	0.066

Price($)	Vol.	No.
0.073	190396	2
0.074	40000	1
0.075	10149	1
0.076	119525	3
0.077	103960	4

Last trade - 16.10pm 02/10/2024 (20 minute delay)

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