The dilution to get to 500k or 1m ounces would kill you if you...

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CaptainTony

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1028

30/05/25

21:09

Post #: 79258852
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Originally posted by mvc: ↑

Agreed all they need to do is prove up this one resource where drill holes are mislocated a moderate resource of 500,000 ounces, AU Equivalent, open in two or more directions and open at depth with other hot spots within a 10km radius and they will be a takeover target i would have thought 20c+. Of course if it becomes 1 million ounces proven then the game changes again. I think this one is in the bottom drawer for 2 years before we get those kind of results.

The only other thing that may spark a rise is if they drill and report visible gold in the cores, but that is only likely to be a brief jump up to 8c to 10c.

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The dilution to get to 500k or 1m ounces would kill you if you are not averaging down heavily.

Hoping for that to bring you a 10 ba g e r just to break even is not realistic. Hence the quote from Rule. This is a sell or buy, nothing else.

just my opinion.

ITM Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.0¢		Change 0.002(7.14%)		Mkt cap ! $5.125M

Open	High	Low	Value	Volume
2.8¢	3.0¢	2.7¢	$15.81K	549.7K

Buyers (Bids)

No.	Vol.	Price($)
1	147764	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	29668	1

View Market Depth

No.	Vol.	Price($)
1	147764	0.028
1	39339	0.027
7	510702	0.026
2	220000	0.025
2	114843	0.024

Price($)	Vol.	No.
0.032	29668	1
0.033	319495	2
0.035	57194	2
0.036	100000	1
0.038	50000	1

Last trade - 15.58pm 16/06/2025 (20 minute delay)

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