Current price of $0.009 gives an EV of about $40m.
That prices in a deposit of about 0.4Moz at about $100 per inferred oz.
This would be consistent with a good initial MRE of say 0.3Moz with a potential to increase this to 0.5Moz.
10c would price in about 10 times that much, definitely pie in the sky.
Who has calculated the likely MRE based on drills so far?
Ann: Crown Prince Delivers Further High Grade Gold Results, page-87
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Last
0.6¢ |
Change
0.001(10.0%) |
Mkt cap ! $39.27M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $3.062K | 547.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 26081491 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 32217658 | 25 |
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| Last trade - 14.37pm 23/08/2024 (20 minute delay) ? |
| OAU (ASX) Chart |