I think for this stage considering more work needs to be done in the following 6 months to give us greater clarity surrounding economics, but also taking into account the superb met work and back of the napkin maths indicating that economics will come back good, 100m MC seems pretty fair. (Trying to be conservative with my valuation here)
Perhaps a premium on top of that considering the tier 1 location. Consider the MMA shareholding and all the other exploration as well.
Just my opinion and would be keen to hear other opinions on where they think this should be at for now. Not financial advice obviously.
Ann: BREAKTHROUGH REO LEACH TESTS ON SYBELLA, page-214
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Mkt cap ! $41.93M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 14.0¢ | $14.46K | 102.2K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 111238 | 14.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 100000 | 1 |
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