The company is displaying a degree of modesty, particularly given that the current gold price stands at A$5000 and continues to rise. Referring to Table 2, the Gold Price Comparison (Stage 1 Update), the PFS gold price of A$4600/oz is notably highlighted.
As of this update, the company’s valuation is just under a market capitalization of A$10 million. At a gold price of A$5000 per ounce, the NPV is estimated at A$60 million. It is apparent that some "obtuse" market participants may be selling shares at this juncture.
Congratulations to the company for its progress, and we look forward to the Raptors site visit and the forthcoming review of the Crawford Project in the next few weeks.
CVR Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)