Based off the recent provided guidelines (10mt = $100m market cap), we are undervalued in my opinion given our line in the sand is 8mt.
Remember folks the results from earlier in the year were not included in the MRE - refer 5th of May 2023 announcement:
- The Mineral Resource is based on drilling on approximately 2% of the Mavis Lake Project area and includes drilling results completed by the Company between April 2022 to March 2023
- Drilling from April 2023 has not been included in the MRE, and will be included in any future Mineral Resource upgrade
Therefore there shall be at least 12 months of spinning rigs results to be included in next year's (presuming by Q1-Q2) mineral resource upgrade which will include the swell zone.
I know where my expectations are heading for the Mineral Resource upgrade.
Based off the recent provided guidelines (10mt = $100m market...
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $14.24M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $74.57K | 9.330M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 10307188 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 1960284 | 4 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| CRR (ASX) Chart |