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Tinwins

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03/06/25

10:47

Post #: 79291893
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Originally posted by Steve1985 ↑

You’re right to highlight the need for scale when referencing potential valuations — and I appreciate the opportunity to clarify. The current market cap is indeed around $310 million at $0.15/share, with ~2.07 billion shares on issue. A share price of $4–5 would imply a $8.3B–$10.3B market cap — and that would only be justifiable under exceptional circumstances.

The “$4–5+” reference was not a prediction, but a long-range upper bound, assuming:

A resource scale of 10Moz+ across an open-pittable system

High-margin economics supported by a sustained gold price > US$3,500–4,000/oz

A successful PFS/DFS, approvals, and infrastructure development

Potential strategic interest or JV with a major producer

For context, De Grey (ASX: DEG) — now ~11.5Moz and advancing its Hemi project — trades at a market cap near $2.4B. If MI6 proves a similar or superior system, with similar economics, a market cap north of $2–3B becomes a rational target.

In other words — the $4–5 range is tied to:

Extraordinary execution

Exceptional macro tailwinds

Validation of scale, continuity, and metallurgy across Bullabulling, Bacchus, Kraken, Gibraltar, and adjacent zones

You’re right — we shouldn’t throw big numbers around without framing. But if the drilling confirms what early data hints at, this becomes a serious contender in the next gold major cycle.

Let’s see what the assays and JORC update deliver. Always happy to adjust targets to reality.

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Is that chatgp or if you Groked it? Its just the text differs from previous input.
MI6 Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

1 Great analysis

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(20min delay)
Last 11.5¢		Change 0.000(0.00%)		Mkt cap ! $237.7M

Open	High	Low	Value	Volume
12.0¢	12.0¢	11.5¢	$70.11K	587.5K

Buyers (Bids)

No.	Vol.	Price($)
25	1498057	11.5¢

Sellers (Offers)

Price($)	Vol.	No.
12.0¢	848800	14

View Market Depth

No.	Vol.	Price($)
23	1439362	0.115
18	1671267	0.110
18	611342	0.105
18	1337500	0.100
2	60000	0.099

Price($)	Vol.	No.
0.120	848800	14
0.125	1142104	15
0.130	1177367	15
0.135	483992	12
0.140	633242	13

Last trade - 11.39am 24/06/2025 (20 minute delay)

MI6 (ASX) Chart

Charts & TA, page-153

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Charts & TA, page-153

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