beans,
The drill is targetting 2.6mmbo with about 1mmbo recoverable. That would mean (by my calculations) about another 5c per share to the COE price (COE 28.33%).
Having said that, while these are not big targets they are designed to provide the company with steady cash flow to allow it to go elephant hunting. On that basis, the market may value a strike as worth more because of its cash flow impact as opposed to the total value of the find.
Cheers
Badfish
dst today, page-3
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add COE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $475.2M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 18.0¢ | $546.3K | 3.033M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 504378 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 149668 | 3 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| COE (ASX) Chart |