A 1.5 million (higher grade) ounce resource coming from NN looks a comfortable target right now. Combined with the other discoveries, which look better with each announcement, I believe this warrants a billion dollar market cap at today’s gold prices. And, there is no end in sight for additional ounces being proved up, you have a plant nearby, I think it was about $300m in tax losses, I believe we can bring in a billion plus in earnings over the life of the mine with more upside potential to come.
A billion market cap is over a $1 share price at current shares on issue. First target for me is 60c.
All in my opinion.
A 1.5 million (higher grade) ounce resource coming from NN looks...
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Last
$1.97 |
Change
-0.025(1.25%) |
Mkt cap ! $2.524B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.05 | $1.95 | $66.88M | 33.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 77974 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 85766 | 5 |
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| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| SPR (ASX) Chart |