I am trying to understand why people are so concerned about an explorer being valued at 1 billion - If the resource is there and BIG its there and BIG.
Sure 1 billions a lot of money but when you have possible 10-20 million ounces of gold (near surface and infrastrucure) I am guessing its fair if not undervalued.
Trading has been exceptional on the stock and keeps going so someone big doesn't mind the Market Cap
Ann: Further High Grade & Expanded Footprint at Hemi, page-395
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Last
$1.20 |
Change
-0.015(1.24%) |
Mkt cap ! $2.870B | |||
| Open | High | Low | Value | Volume |
| $1.22 | $1.22 | $1.19 | $1.499M | 1.241M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 64036 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 81245 | 19 |
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| Last trade - 10.51am 15/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |