CHZ (senegal) has had a bid for ~$90mill for its deposit (780,000 oz's) near surface. Large difference is CHZ's around about 75% in the indicated category.
This equates to a $110/oz valuation basis, which would equate to SRR being valued at $250mill+ or a share price of $1.70.
Understandably, CHZ is further along with a low capex Scoping Study completed with an NPV of $296mill. I think the shallow nature of both deposits, quality oxide resource and the potential for a low capex, quick start up mine is the benefit for both.
SRR needs to spend some big $$ on drilling and increase the indicated category to go hand in hand with the PEA being released in the next few months.
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Last
2.2¢ |
Change
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Mkt cap ! $2.93M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1229754 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1229754 | 0.022 |
5 | 2140491 | 0.021 |
2 | 600000 | 0.020 |
1 | 200000 | 0.019 |
1 | 100000 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 50000 | 1 |
0.027 | 35714 | 1 |
0.028 | 100000 | 1 |
0.038 | 50000 | 1 |
0.045 | 88778 | 1 |
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