At say $100 an oz on around 600k oz maybe this should be worth 60M?
Maybe potential investors think like this :
What is pulling it back is grade , If the grade was higher at 5 grams a tonne even with the same # of ounces guess it would be worth $180 M as could validate a small on site plant
Having less than 1M oz lower grade resource it would not be as viable for a plus 1.0 Mtpa plant , so hostage to the big boys with toll treating and transport
AIMHO of how potential investors may think .
From my perspective Company really needs to amalgamate with a company with a higher grade resource ie OAU (I hold) and or find more ore to go from being a price taker to a price maker .
At say $100 an oz on around 600k oz maybe this should be worth...
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Last
6.6¢ |
Change
0.001(1.54%) |
Mkt cap ! $39.63M | |||
| Open | High | Low | Value | Volume |
| 6.6¢ | 6.6¢ | 6.2¢ | $56.40K | 897.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 41260 | 6.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.6¢ | 591062 | 2 |
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| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
6.3¢ |
Change
0.001 ( 1.56 %) |
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| Open | High | Low | Volume | ||
| 6.3¢ | 6.3¢ | 6.3¢ | 52150 | ||
| Last updated 15.21pm 14/05/2024 ? | |||||
| GBR (ASX) Chart |