I dont agree on the rerate to what you are suggesting. As there are many gold asx companies with 1 million OZ plus tenements now with an mre on 50-100 million market cap.
while there has been some very high gold grades the widths of those veins are very narrow sometimes as thin as 1 metre.
a 450-600 koz would be a rerate of perhaps 20-30% to 10.5 cents or there about.
havent seen directors buying
news slim
8.7 cents... and no rise, the market doesnt think highly. Patto is at it again re results in feb but could be much sooner; he did the sAme repeatedly but then when results turned out bad like that diamond drill into anomaly fail; same will happen here, im thinking maybe 350 k oz initially (underwhelming)
remember 130-150 metres of dirt sits above it, thats significant.
there are other asx with shallower gold at lower risk to banks
watch for the next pump an dump. Run fir the hills !! Lol
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