I'm not a qualified geologist (had some training), but from my understanding, unfortunately until the MET testing is done, I believe we'll only have an inkling of what we might be sitting on at this stage.
The GEOs must have a rough idea of the potential though, otherwise we wouldn't have gone ahead with the purchase. It's in the right area, IAC are known to be in the vicinity, and all the signs are there that we could be sitting on the elusive "company maker" deposit.
But of course, it needs to be an economic deposit, and we simply don't know if that's the case yet. Hence the $20m MC we are at!
If we do have the goods, our MC rise could be "Meteoric" in size
Ann: WORLD CLASS CLAY HOSTED REE GRADES DISCOVERED AT CODA NORTH, page-255
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.894M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $47.25K | 6.049M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 32621957 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 2677249 | 5 |
View Market Depth
| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| ENV (ASX) Chart |