its because the resource isn't in reserves, only indicated material. They also have a lot of shares on issue so you would need something fairly substantial to increase the price. if they drilled the indicated amount 18.6 g/t Au for 247,000 oz Au. They may only get a certain amount of that into probable. Still a lot of drilling to be done and 25% of the material is still in inferred.
its because the resource isn't in reserves, only indicated...
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Last
0.9¢ |
Change
-0.002(18.2%) |
Mkt cap ! $38.92M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 0.9¢ | $101.4K | 9.387M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 5355167 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 597838 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| SPX (ASX) Chart |