Good intentions but these guys still have no idea how to present their story. Big picture, within a 10 year timeframe they should be at 500kozpa from a 10Moz resource. This would give them a $5-10Bn Mkt cap depending on gold price, ie $1-2/share. I think this is why they pulled the trigger on the equity raise. Funding the extra drilling and development would have been too slow. My guess is that it has given them a year head start.
Ann: Norseman Project Growth Plan Presentation, page-5
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Last
9.2¢ |
Change
-0.003(3.16%) |
Mkt cap ! $587.3M | |||
| Open | High | Low | Value | Volume |
| 9.4¢ | 9.4¢ | 8.7¢ | $1.285M | 14.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 927290 | 9.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.3¢ | 292134 | 10 |
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| PNR (ASX) Chart |