sexy part of the exploration process is over. The initial discovery hype is over and now the slog that is advancing a project to mine ready begins. Tends to be boring and see people losing interest. If they can start putting out studies showing both that the project is viable and the economics of the study then that can regain interest.
Mind you I hold shares in hch a copper explorer with a npv of nearly $2b aud but only a $100m market cap putting it on the same valuation as this project that doesn't have a npv.
So many variables, this company probably got a strong valuation based on the high grades and being in Australia while hch for example is located in an overseas country and has much lower grades which can make it less attractive regardless of overall economics.
sexy part of the exploration process is over. The initial...
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Last
68.5¢ |
Change
0.005(0.74%) |
Mkt cap ! $111.5M | |||
| Open | High | Low | Value | Volume |
| 67.5¢ | 68.5¢ | 64.0¢ | $300.5K | 454.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 5000 | 66.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 68.5¢ | 154920 | 1 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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66.0¢ |
Change
0.005 ( 2.22 %) |
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| Open | High | Low | Volume | ||
| 67.0¢ | 67.0¢ | 64.0¢ | 134688 | ||
| Last updated 15.30pm 10/05/2024 ? | |||||
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