The dilution has been painful but all part of the process in this arena but despite the dilution this still has potential to be significantly above 10 cents.
I believe Spider Monkey previously calculated one well could produce $140 million in revenue per year and we know the resource can take twenty wells.
Yes the upside will not be as significant with the dilution but it can still in my opinion be life changing.
Whether we get a commercial flow this time around or with Jesse 3 (once the snow has melted in April/May next year) let us hope patience will be rewarded.
All my opinion DYOR
The dilution has been painful but all part of the process in...
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Last
0.7¢ |
Change
0.002(40.0%) |
Mkt cap ! $14.66M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.7¢ | 0.5¢ | $35.51K | 5.345M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2891930 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 923547 | 6 |
View Market Depth
| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
0.6¢ |
Change
0.002 ( 20.0 %) |
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| Open | High | Low | Volume | ||
| 0.6¢ | 0.7¢ | 0.6¢ | 1608332 | ||
| Last updated 15.14pm 03/06/2024 ? | |||||
| GGE (ASX) Chart |