I think HGO will just be a steady rise (as much as it can happen for a share price) to value - as things come together, and are finalised.
By later in this year when they have their first copper sales, the SP will be way above 7.6c or 10c or ...
So guess a price at first sales - draw a line between 7.6c and there - and you will have an approximate chart of SP values for 2022.
So in answer to your question - no - I think it will continue well beyond 10c.
As I've stated in an earlier post its very difficult to estimate what that might be without more numbers. But look at the figures in their "Economic Statement" to get an idea.
Its not long to wait. That's the number 1 reason I'm here.
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Last
7.4¢ |
Change
0.002(2.78%) |
Mkt cap ! $155.0M |
Open | High | Low | Value | Volume |
7.0¢ | 7.4¢ | 7.0¢ | $145.2K | 2.005M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 912053 | 7.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.4¢ | 226563 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 912053 | 0.073 |
2 | 207736 | 0.072 |
5 | 398688 | 0.071 |
6 | 157024 | 0.070 |
2 | 103347 | 0.069 |
Price($) | Vol. | No. |
---|---|---|
0.074 | 226563 | 3 |
0.075 | 730707 | 5 |
0.076 | 201408 | 2 |
0.077 | 1108499 | 2 |
0.078 | 79472 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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HGO (ASX) Chart |