Say a generous $100/ounce resource value, current valuation needs supporting by a 1MOz measured + indicated resource.
Current 80koz = $8 million MC
They needs to 12x current resource to get IGV = MC
Happy hunting. I'd go for $50/ounce in ground value but that makes the valuation gap bigger and I don't want to scare anyone.
Say a generous $100/ounce resource value, current valuation...
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Last
6.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.06M | |||
| Open | High | Low | Value | Volume |
| 6.7¢ | 6.7¢ | 6.7¢ | $28.68K | 428.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 245340 | 6.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.0¢ | 121000 | 2 |
View Market Depth
| Last trade - 15.14pm 03/05/2024 (20 minute delay) ? |
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Last
6.8¢ |
Change
0.000 ( 1.49 %) |
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| Open | High | Low | Volume | ||
| 6.8¢ | 6.8¢ | 6.8¢ | 5539 | ||
| Last updated 10.07am 03/05/2024 ? | |||||
| NXM (ASX) Chart |