Had a think about this… IMO it’s a show of confidence.
Cobar style deposits are deep (drilling costs add up) and they’re bringing in a DD rig (or maybe 2). 10M might get ~25 holes, considering all in costs.
Raise now while it’s hot, de-risk the entire project & do some serious exploration. AGC just proved this belt contains high grade mineralisation - get funds, fly aerial EM along the entire belt (generate a heap of regional targets). Multiple DD rigs @ Achilles, then push exploration regionally. This all costs money, but IMO drives the potential higher.
Had a think about this… IMO it’s a show of confidence. Cobar...
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $39.77M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 14.5¢ | $30.33K | 201.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 195367 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 23878 | 2 |
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| Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
| AGC (ASX) Chart |