The inclusion of Greg to the board and removal of JT is prudent. Well done to the directors for this resolve.
The path forward is much clearer; cautious but attainable. Again, another big tick.
Whilst more detail is required to arrive at an IRR for the Tick Hill Mining Project, it is likely going to be amazing.
Their POG estimate of $2500 (vs ASIC of $1247) means a 12 month profit of $31,325,000 (before tax).
And how good is it that the total cost to get the project up and running is only $295,000!
Half yearly report just released indicates available cash at 31 December 2019 was $1,936,612.
Bull market / bear market it doesn't matter. The economics of this project means it's a no brainer.
All we need now is the full team of directors to utilise their combined experience in project delivery to deliver our project to make us all lots and lots of money.
Ann: Tick Hill Gold Project Compelling Scoping Study Results, page-15
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Last
62.0¢ |
Change
0.035(5.98%) |
Mkt cap ! $100.9M | |||
| Open | High | Low | Value | Volume |
| 58.5¢ | 64.5¢ | 58.5¢ | $162.8K | 266.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5183 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 63.0¢ | 25000 | 1 |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
62.0¢ |
Change
0.035 ( 5.98 %) |
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| Open | High | Low | Volume | ||
| 59.5¢ | 63.5¢ | 59.3¢ | 112291 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| CNB (ASX) Chart |