Even after the stellar rise on Friday S2R still offers an attractive risk/reward IMO. Market cap is currently $62 million and they have:
- Approx $9 mio cash plus approx. $5.5 million investment in TRT
- JV with Kinross in Finland (Kinross to spend min $5 mio, up to $12 mio)
- JV with Rupert in Finland (Rupert to spend min $2 mio, up to $5 mio)
- Their very promising 100% owned Aarni' gold discovery in Finland
- Their exploration projects in Australia
- Now this very promising tenement near Fosterville Mine
And most importantly, they have excellent management with a history of adding value and making discoveries.
All this adds up IMO to a very attractive risk versus reward scenario.
GLTA & DYOR
Ann: Successful Victorian Tender, page-27
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $49.81M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.0¢ | $41.75K | 399.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 109995 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 122763 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| S2R (ASX) Chart |