This is an exploration company. You raise, drill add value to the resource untill production or sale. You need to raise enough to get to the level of re-rating. Has STK done that ...?
What I am saying is that MGV is being bought for ~180m.
The Milrose resource has increased form all the recent drilling, and is pre-PFS. Say they spend 3m on PFS and resource update and you would think Milrose could be worth >150m in this crappy market. Selling now is too early in my view.
This is an exploration company. You raise, drill add value to...
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $223.7M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $171.8K | 1.454M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1214095 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 866075 | 12 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
12.0¢ |
Change
0.000 ( 0.33 %) |
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| Open | High | Low | Volume | ||
| 12.0¢ | 12.0¢ | 11.5¢ | 1528453 | ||
| Last updated 15.42pm 07/06/2024 ? | |||||
| STK (ASX) Chart |