Yeah fair point about the reserve. They have been increasing the inferred pretty quickly but harder to move that to indicated/reserve.
I think at some point the market will understand the value. This looks like it could be a +100% IRR project. The scoping study was so hamstrung (I assume by listing rules) that the value potential wasn't conveyed.
The other one is Great Cobar - value there is poorly understood.
I'm just trying to time my entry to the point where they have some consistent production results that don't detract from the potential in the ground. The September quarter looked to be a good start so I rebought the stock I sold pre the quarterly.
Yeah fair point about the reserve. They have been increasing the...
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16.0¢ |
Change
-0.010(5.88%) |
Mkt cap ! $279.1M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.8¢ | 16.0¢ | $208.6K | 1.268M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 524105 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 659960 | 18 |
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