I can think of one million reasons why.
1Moz of gold at 7gpt now has an in ground value of CA$3.2B. I hate insitu values but since this time last year it’s increased by $1B. Pretty unbelievable.
Also we have quite a bit of completed drilling that didn’t make into the last resource update. That means there’s a good chance we’ll see another resource update this year and based on some of the 2023 results, we could be adding a few hundred thousand ounces.
In addition to that, the resource assumed a gold price of US$1800 so if they decide to increase it to say $2000 and thus lower the cutoff grade, that in itself could add a bunch of ounces. Not the most ideal was of adding ounces but with such a high grade resource, it’s entirely feasible.
Pretty good time to be holding a stock like Benz. Bottom is in; upside is immense. #chickendinner
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22.0¢ |
Change
-0.010(4.35%) |
Mkt cap ! $27.67M |
Open | High | Low | Value | Volume |
23.0¢ | 23.0¢ | 22.0¢ | $121.5K | 548.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 12500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 0.215 |
1 | 17445 | 0.210 |
1 | 2800 | 0.180 |
2 | 68000 | 0.150 |
1 | 25000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 2500 | 1 |
0.230 | 106000 | 2 |
0.235 | 7600 | 1 |
0.245 | 22728 | 1 |
0.250 | 163636 | 1 |
Last trade - 15.58pm 15/11/2024 (20 minute delay) ? |
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