I only hold 2 stocks, a gold and multi mineral brine stock.
I do not see this project ever being mined if the trend continues with a high percentage of poor quality Kaolinite.
The percentage of Halloysite would have to average 30% just to be maybe economical, and even then still maybe never mined.
All this companies projects are marginal at best, market cap should be closer between 5 and 10 million as a spec play in my opinion.
I do think there is still potential at Gibraltar, but the risk needs to be weighed up, and anything over 1.5 cents is very high risk and over 1 cent moderate risk in my opinion.
If I'm interested in taking a punt, the risk needs to be moderate to low risk based on previous market cap to current market cap, unless a project shows a very promising proposition.
Good luck all.
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Mkt cap ! $6.444M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $100 | 50K |
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71 | 199196666 | 0.1¢ |
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0.2¢ | 27365659 | 19 |
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0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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0.003 | 15508958 | 15 |
0.004 | 27416529 | 20 |
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