Not bad.
Just did a simple math.
The current 2mt is based on 4.5km length and 10% SG. Now the length has extended by 800m and SG of sand has increased to 14% average.
So resource should increase to (1+0.8/4.5) * (14%/10%) = 1.64 times of current 2MT LCE.
In order to be M&A, IMO MRE should at least go above 5MT for HMW alone.
One thing I dont quite understand why GLN has spend one year to drill just one hole. I'd expect more aggressive drilling.
Not bad.Just did a simple math.The current 2mt is based on 4.5km...
Add GLN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.5¢ |
Change
-0.010(4.26%) |
Mkt cap ! $106.3M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 22.5¢ | $310.9K | 1.369M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 531493 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 108604 | 3 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
|
|||||
|
Last
22.5¢ |
Change
-0.010 ( 2.30 %) |
||||
| Open | High | Low | Volume | ||
| 23.0¢ | 23.0¢ | 22.5¢ | 797582 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| GLN (ASX) Chart |