Insightful software,
Seems once the green starts, MMC's sp goes on quite a run.
That last green stretched for a 39¢ run , so applying from today puts a target of 113¢.
If we apply Fibonacci expansion to the last Cr
CR 45¢ x2 = 90¢ (recent peak 89¢ is near enough that 90 was likely the target)
45¢ x 2.618 = $1.18 (which would put us on a market cap $132m which is only what the plant + other infrastructure alone had been valued at)
Cannacord far exceeds with target at $2.30 and I understand thats a base case scenario which will need to be adjusted higher with near term resource upgrade
Insightful software,Seems once the green starts, MMC's sp goes...
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Last
81.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $90.71M | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 83.5¢ | 79.0¢ | $489.7K | 606.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1153 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 4634 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| MMC (ASX) Chart |