I agree with you Lezok 100% .I believe the sp should be around 15 cents at the moment.I have one question . Why are they not stepping out their RC drilling. I believe because of the close proximity to the Penny open pit they want to prove up the maximum resource they can in the vicinity of the existing open pit.They could then easily deepen the pit to access the ore under the pit (Penny South) and access Penny North via a 50m drive from the bottom of the deeper open pit.This would get them into production much sooner than waiting till a resource has been defined right up to Magenta Prospect.
They have several close inexpensive options for a processing plant/
If I were the MD this is what I would do to get the Company producing gold and thus funding all future exploration up to Magenta from internal cash flows from production. 300,000 oz is worth $600,000,000 more than enough to finance an ultimate resource of 1,000,000 oz if that is eventuates for this deposit.
DYOR,AIMHO,GLTA
- Forums
- ASX - By Stock
- SPX
- Ann: High Grade Results Continue at Penny North
Ann: High Grade Results Continue at Penny North, page-54
-
-
- There are more pages in this discussion • 67 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPX (ASX) to my watchlist
|
|||||
Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $38.92M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 0.9¢ | $6.453K | 655.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 6012211 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 1273575 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 4602211 | 0.009 |
10 | 1586113 | 0.008 |
13 | 12254654 | 0.007 |
9 | 6985000 | 0.006 |
10 | 10750001 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 1074200 | 2 |
0.011 | 2226742 | 7 |
0.012 | 6022690 | 12 |
0.013 | 4636505 | 9 |
0.014 | 2424427 | 7 |
Last trade - 14.17pm 02/08/2024 (20 minute delay) ? |
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
SPX (ASX) Chart |