I know the market doesn't care but FML just added another 60,000 high grade indicated ounces at Bonnie Vale.
If we assume 90% convert to reserves with a margin of $1,000/oz, then that announcement suggests an additional $55M of value (roughly equal to FML's existing market cap!!!). Meanwhile shares trade down. Flummoxed.
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Ann: Bonnie Vale Mineral Resource Update, page-3
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Last
14.0¢ |
Change
-0.025(15.2%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.0¢ | $34.69K | 242.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 132799 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 4616 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FML (ASX) Chart |