Evening - that's not quite how the PoS will impact the share price. If it gets to $50 then the share price will likely be many, many times the current levels.
The current resource will be profitable at about $20USD according to George - every dollar increase in PoS will increase the profitability of the resource. Factor in George thinks he can double or even triple the resource "fairly easily" with a significant re-rate of the PoS then things start to get silly for little old ARD.
Lots and lots of variables but I want to be in ARD for when the silver bull / run happens. It could be a life changing stock to hold if (and it's a big IF) the PoS explodes.
The short term increase in the share price is obviously welcome but that's not the story for me.
Evening - that's not quite how the PoS will impact the share...
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Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $20.06M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.5¢ | 1.3¢ | $24.42K | 1.755M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1489903 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 2622758 | 4 |
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| Last trade - 15.50pm 28/06/2024 (20 minute delay) ? |
| ARD (ASX) Chart |