yep theres not that much easy to find gold there apart from the 1mil ounce which is purely inferred. most of the 45,000m will be blown on dusters is the main concern. also the inferred needs to be proven to indicated level. its market cap was simply too high for what it has currently. 2bil SOI @ 20c was $400m. It should be closer to $250m or 12-13 cents.
also its only 80% owned. We got matador MZZ at $75m market cap with the same amount of resources and 100% owned, plus drilling a lot of near surface targets.
already AUT waste 4,500m on dusters and low quality deep hits they simply dont know where the gold is. ##$
Looks like it will strong support around 12-13cents imho.
yep theres not that much easy to find gold there apart from the...
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Last
$1.07 |
Change
0.020(1.91%) |
Mkt cap ! $586.8M | |||
| Open | High | Low | Value | Volume |
| $1.05 | $1.10 | $1.05 | $3.448M | 3.211M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14368 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 866 | 1 |
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| Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
| FFM (ASX) Chart |