That is why the neighbour starting with 'R' has a market cap under $9M, not bad for a company fully funded for its initial drill program and to pay all those costs you speak of. Great risk/reward IMO. Clearly they will need to raise again before their phase 2 drilling prior to the years end. In comparison, CGR already have a market cap close to $30M. Lots more cash in the bank than 'R' do which is fantastic and will be able to fund at least 2 phases of our drilling campaigns. Both companies look good from their initial pre-drilling starting positions IMO. Upside from both! Just have to let the drills do the talking now.
That is why the neighbour starting with 'R' has a market cap...
Add CGR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
46.5¢ |
Change
0.050(12.1%) |
Mkt cap ! $41.30M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 48.0¢ | 39.0¢ | $702.8K | 1.586M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22536 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 7281 | 1 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
45.5¢ |
Change
0.050 ( 14.3 %) |
||||
| Open | High | Low | Volume | ||
| 40.0¢ | 47.0¢ | 39.0¢ | 774272 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| CGR (ASX) Chart |