"Because molybdenum occurs proximal to the core of a mineralised porphyry intrusive, and there is no antimony in rock chips to indicate high levels in a zoned porphyry system, we are confident of intersecting a buried porphyry and associated mineralisation at more moderate rather than substantial depths."
Market doesn't like that the porphyry wasn't located at the IP anomaly, however the above statement is promising.
Price has to close above $0.047, otherwise it will drift much lower until more results are released. If you're holding medium to long term, it's just a waiting game now for the few couple of months.
IMO.
"Because molybdenum occurs proximal to the core of a mineralised...
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $16.01M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $20.15K | 2.486M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1825138 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1256123 | 8 |
View Market Depth
| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
0.8¢ |
Change
-0.001 ( 11.1 %) |
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| Open | High | Low | Volume | ||
| 0.8¢ | 0.9¢ | 0.8¢ | 2422200 | ||
| Last updated 15.35pm 20/05/2024 ? | |||||
| SPQ (ASX) Chart |