Definitely a massive overreaction this morning. Raising funds is the only way these explorers can continue the story.
Dilution is never nice but it has to be put in context. TMZ with a probable 80million oz combined deposit at 43c oz was already extremely undervalued.
Now silver has popped and on its way to $30 the dilution will be counteracted by the price increase.
SVL by comparison is $1.20 per oz and almost all of the TSX silver plays with greater than a 50m oz deposit are ridiculously priced. Some I've looked at have $2/oz pricing and in Mexico!
Definitely a massive overreaction this morning. Raising funds is...
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TMZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.881M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| TMZ (ASX) Chart |
Day chart unavailable