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5.7¢ great boulder resources limited

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19/08/22

20:04

Post #: 63220171
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Originally posted by 1OldGreyFart: ↑

Consider Market Capitalisation as a better value metric than a simple share price. When I value a gold Explorer I look at the MC against the potential IGV ( In ground value) If I average up all the drill results and work out the strike zone in volume, then guesstimate tonnage giving consideration to depth I come up with an gold/Oz estimate. I then halve that number to give myself a margin of safety and the MC I'm shooting for is 5% of the IGV. Example I guesstimate 1.8 million Oz of gold
1.8M x $1800/Oz x 5% ÷ 100 = $162 million MC
1.8M x $2000/ Oz x 5% ÷100 = $180 million
1.0M x $1800/Oz x 5% ÷ 100 = $90 million
1.0M x $2000/Oz x 5% ÷ 100 = $100 million
it's not an excact process, but YOU NEED A PROCESS! I can't emphasise that enough. I also have no idea what the share price will be if we hit any of those MC numbers?
also keep in mind that once an MRE is calculated the IGV percentage will be much higher.

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I knew if I said that you'd come back with an excellent and well researched response. With knowledgeable people like you invested in GBR I'm happy to be a holder. Good luck to you and all GBR holders.

GBR Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.7¢		Change 0.000(0.00%)		Mkt cap ! $34.73M

Open	High	Low	Value	Volume
5.7¢	5.7¢	5.7¢	$12.27K	215.2K

Buyers (Bids)

No.	Vol.	Price($)
1	400271	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.7¢	27885	1

View Market Depth

No.	Vol.	Price($)
1	400271	0.054
2	1188679	0.053
4	427000	0.052
5	548000	0.051
2	110019	0.050

Price($)	Vol.	No.
0.057	27885	1
0.058	432724	2
0.059	550000	2
0.060	500000	2
0.063	158730	1

Last trade - 12.30pm 02/10/2024 (20 minute delay)

GBR (ASX) Chart