Bullish macro sentiment on Monday given that silver's now US$25/oz and gold's US$1929/oz. Should see a rise on Monday due to this alone.
My guess is trading halt on Tuesday, with PFS announced on Thursday. Vares NPV at US$1.4b; anything to the upside would be a bonus.
Based on the current share price, exchange rate and assuming that the market's currently valuing the company on approx 35% of Vares's scoping study NPV only, then a US$1.4B NPV equates to a share price of AU$3.37 with 200m shares on issue.
DYOR, GLTAH
Ann: Completion of Tethyan Resource acquisition, page-14
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$2.84 |
Change
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Mkt cap ! $795.6M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 750 | $2.74 |
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