Mate, what I think GANZ is saying is that the 1.2 m oz resource and the near term exploration projects ate worth the current cap of 51 m.
He may be right but the market can price in twice that cap in a matter of days if sentiment and promise of new gains is perceived by the players.
Anyone who just thinks the market is oz of gold in the JORC, or even cash flow on the way to the bank will never make it pay. It is also those intangibles - sentiment, greed, fear, envy etc - and they can bite even the coolest old hand as well as scuttle the rawest novice.
Ann: AGM Presentation - 1.2Moz Gold Resources and growing, page-104
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$1.39 |
Change
0.045(3.36%) |
Mkt cap ! $3.319B | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.41 | $1.35 | $14.07M | 10.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55057 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 6000 | 2 |
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