Do the sum on the current AUD price of gold and our current resource at KGP (3.05Moz) which only has the ability to grow as further regional & infill drilling is undertaken at KGP. Plus the likely scenario of additional satellite deposits. Considering mineralisation is still open in many areas at KGP, there is only upside for the resource size IMO. It is definitely worth the 10s of billions. I cannot be wrong about that, that is just a fact. Obviously, there are cost factors in extracting it and we would never have a market cap exactly corresponding to the in-ground value of the gold. However, even if we account for 10% of that in ground gold value, it is many, many multiples above our low MC of $90M. Hence, why this stock is currently so undervalued IMO!
Do the sum on the current AUD price of gold and our current...
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Last
3.6¢ |
Change
0.003(9.09%) |
Mkt cap ! $99.43M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.6¢ | 3.3¢ | $149.1K | 4.357M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500000 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 1155996 | 4 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AUC (ASX) Chart |