Aaaahhhh....Stormer, just to give a silly comparison, Chalice Mining has a market cap of $2.5b and all it has dug out of the ground is a few drill cores. Exploration companies are valued based on the extractable resources in the ground. I think MAY market cap is easily justified, as do you, based on it's likelihood of extracting it's resource in the not too distant future, otherwise you wouldn't be keeping your current holding.
Ann: Preparations underway for start of Zapato-1 exploration well, page-379
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Last
2.5¢ |
Change
-0.001(3.85%) |
Mkt cap ! $84.25M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.6¢ | 2.5¢ | $68.24K | 2.729M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1358782 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 718880 | 6 |
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| Last trade - 13.56pm 19/07/2024 (20 minute delay) ? |
| MAY (ASX) Chart |