I think you are both right and wrong. It's not a business yet. In ground value is important if the grade is economic.
Look at CHN. In ground value was huge which gave them a large market cap. Once it was revealed that the grade was not sufficient to make a good business, it's share price cratered.
I think you are both right and wrong. It's not a business yet....
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$15.13 |
Change
-1.180(7.23%) |
Mkt cap ! $992.4M | |||
| Open | High | Low | Value | Volume |
| $16.10 | $16.10 | $15.06 | $4.072M | 264.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 531 | $15.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.20 | 1432 | 19 |
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