In my opinion, we are not even close to fair value. We are the most cashed up explorer on the ASX at or around our market cap. Having this type of fire power is worth way more than a typical junior greenfields explorer. The right acquisition could see the share price double or triple overnight.
If we had $2m in the bank, I would agree that maybe a $5m EV was right, as there are dilutionary risks/forces at play. We should command a big premium for our incredibly advantageous cash position.
In my opinion, we are not even close to fair value. We are the...
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Last
23.0¢ |
Change
0.010(4.55%) |
Mkt cap ! $23.07M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 25.0¢ | 21.5¢ | $148.5K | 650.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2140 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 5000 | 1 |
View Market Depth
| Last trade - 15.59pm 18/10/2024 (20 minute delay) ? |
| SLS (ASX) Chart |