I really like Mike. Smart, experienced and successful. Certainly not the 'salesman type MD'. Further increasing resource and coming up with DFS, FID including mine design should mean 2023 is a big year
Clearly the major issue appears to be this. With a tiny mkt cap (circa 60m) there is no way equity could contribute 30-35% of the 300m AUD capital cost in a year or 2. Assuming we need say AUD 100m equity (and AUD 200m debt) ideally we would have a market cap closer to 200m which even then makes it a very dilutive share raising (1 for 2 rights issue type scenario). And 200m market cap is a 3.5x bagger from here....
Otherwise like many other juniors it could be bring in a larger JV partner or sell the project
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I really like Mike. Smart, experienced and successful. Certainly...
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Last
2.3¢ |
Change
0.002(9.52%) |
Mkt cap ! $65.32M |
Open | High | Low | Value | Volume |
2.1¢ | 2.3¢ | 2.1¢ | $71.10K | 3.242M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1499094 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 487333 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1498094 | 0.021 |
6 | 890794 | 0.020 |
8 | 6532631 | 0.019 |
6 | 832805 | 0.018 |
11 | 3873581 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 452333 | 4 |
0.025 | 200039 | 2 |
0.027 | 4217 | 1 |
0.028 | 100000 | 1 |
0.029 | 931217 | 6 |
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