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...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AGC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
29.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $68.93M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11067 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 2000 | 1 |
View Market Depth
| Last trade - 09.26am 01/07/2024 (20 minute delay) ? |
| AGC (ASX) Chart |
Day chart unavailable