Drilling commencing with those kind of historical grades, cashed up with approx $4.5M and shares in Bluebird worth almost $5.6M AUD at the time of this post, seems ridiculously undervalued to me. A $6.6M market cap means it's valued at negative $3.5M which is bizarre.
Bluebird is currently up about 20% on the release of a scoping study for their two potential mines - as they gear up to becoming producers over the course of the year, you would only expect the value of those shares to climb.
Announcement for anyone interested: https://www.londonstockexchange.com/news-article/BMV/initial-scoping-study-south-korean-gold-projects/15852118
Drilling commencing with those kind of historical grades, cashed...
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.919M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 153846 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 677882 | 3 |
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