I don't think you really get my point.
6 million will not go too far.
I'll use your mate driftas comments. Show us another company with 6 million cash, no debt blah blah.
Well not a direct comparison but I know of a company with around 2.5 million in cash, 40-50 million ounces of silver in ground, just picked up a prospective gold lease right next to 2 mines in Australia with a very similar market cap to cla.
What makes cla better? Why should cla be 'running to 2.5c' like these guys claim.
The fact is, it's risky, they need to drill out and hope they hit something worth following up before the money runs out or they'll be just another small cap with no money and no resource.
I don't think you really get my point.6 million will not go too...
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Last
1.2¢ |
Change
0.001(4.35%) |
Mkt cap ! $30.85M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $18.10K | 1.509M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 235737 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 1313265 | 2 |
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| Last trade - 15.00pm 04/10/2024 (20 minute delay) ? |
| CLA (ASX) Chart |