Looks like the stock has broken through the flippers selling - uninformed investors who were happy to take a few cents & the tax credits but will likely leave a lot on the table.
The pending 15,000m drilling at Fingals has got a very good chance of re-rating the stock significantly because there are walk-up targets with good historic hits e.g. 9m at 6g/t which have not had any exploration since the 90's when gold was <$500.
Furthermore the ground is well known to management, who are ex SLR guys & an endorsement of its quality is the stake SLR have now taken in BC8.
I've been scouring the list of ASX exploration companies & this seems to me one of the best picks when considerations like market cap, management quality, location & ground are taken into account.
So far only one broker covers the stock (Shaw) but that will change with a 1moz resource & a mkt cap above $100m. More coverage will further re-rate the stock.
Strap yourself in & enjoy the ride.
Looks like the stock has broken through the flippers selling -...
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Last
54.5¢ |
Change
-0.015(2.68%) |
Mkt cap ! $297.5M | |||
| Open | High | Low | Value | Volume |
| 56.0¢ | 56.0¢ | 54.0¢ | $2.493M | 4.538M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 167 | 54.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 3421 | 3 |
View Market Depth
| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| BC8 (ASX) Chart |