Company is being valued at around $60m so you need to ask how much value is assigned to Linderos in the share price. Given we have a JORC defined resource of 3.12m Oz of gold and 22m Oz of silver plus 2 other copper assets, I think this is undervalued.
Plenty of potential to grow the Dynasty resource as well.
With the Linderos joint venture, we get $3m US and should they reach a decision to mine, this could mean we hold 20% of a potential billion dollar asset. It certainly de-risks the company somewhat and remembering we still hold 100% of 3 other assets.
I guess it comes down to where you think copper and gold is heading.
Company is being valued at around $60m so you need to ask how...
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Last
2.9¢ |
Change
-0.001(3.33%) |
Mkt cap ! $52.47M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.9¢ | $31.75K | 1.094M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1048512 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 2467 | 1 |
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| Last trade - 11.26am 06/05/2024 (20 minute delay) ? |
| TTM (ASX) Chart |