The market cap is incredibly low for a miner that is scheduled to go into production soon and reach nameplate capacity in about 24 months with gold prices where they are. They have also generated cash from toll treating gold and the progress in the last 1 year has been very good and steady.
I am keen to invest more, but fail to understand why this the mcap is so low? Is it because of NPV (which will be seriously higher now given the gold price and the new addition to the resource, and once more exploration takes place) , or is it becuase SD owns so much of the company and no one wants to touch it for some reason?
I will appreciate some insights or point of view please.
The market cap is incredibly low for a miner that is scheduled...
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $38.68M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $655 | 4.768K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2332 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 63338 | 5 |
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| Last trade - 15.30pm 27/09/2024 (20 minute delay) ? |
| FML (ASX) Chart |