You pay for high quality.
When Rick Rule rated my portfolio of metals he gave this stock the highest rating, his comment was "great project but not cheap".
Every time these guys drill and/or announce its very decent advancement. Look at the advancements over such a short period of time then confirm to yourself what 6 diamond drill rigs onsite can do and make your decision. In answer to your Q - Yes its got a lot to do with the grade, the ground they have + the existing infrastructure and the likely low AISC once in production.
All the best ....
You pay for high quality. When Rick Rule rated my portfolio of...
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Last
$1.78 |
Change
-0.020(1.11%) |
Mkt cap ! $2.089B | |||
| Open | High | Low | Value | Volume |
| $1.81 | $1.84 | $1.75 | $10.20M | 5.736M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10100 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 70 | 1 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| BGL (ASX) Chart |