You are correct assuming they can add more high grade material to their resource inventory, which is likely but will take time.
Most likely at a higher share price they will do another capital raising on the back of the "porphyry hunt" story which will give the company sufficient funds to carry on even if the porphyry hunt fails.
All IMO and GLTAH.
You are correct assuming they can add more high grade material...
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Last
1.9¢ |
Change
0.001(5.56%) |
Mkt cap ! $10.33M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.8¢ | $5.909K | 321.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1058822 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 299769 | 1 |
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| Last trade - 15.36pm 23/07/2025 (20 minute delay) ? |
| SVY (ASX) Chart |