I've been watching this for while, not yet entered
Remember, $2000 USD/oz all very well but what's the opex per ounce... Need to deduct that
15koz comes to $30m USD but if at a mine assume half that to mine and refine. $15m USD so $20m aud value if mined
$200/oz in ground value is a common ball park used, but agree it's high g/t so maybe up that. I'm with @Cpago55 that this should add about $2-3m to market cap
Sentiment - Not held, not a buy on this news but overall approaching under valued vs market
Ann: Initial High-Grade Gold Resource at Metzke's Find, page-17
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Last
2.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $84.31M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.3¢ | $74.15K | 3.124M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1344387 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 294997 | 2 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| DRE (ASX) Chart |