And lets just keep in mind for Los Calatos we are 23,000m into a 200,000m drilling campaign....just over 10%.
So MNC on existing resource is trading below fair value based on this transaction. Essentially buyers at these levels are paying nothing for exploration upside and nothing for our 5 other projects....not a bad deal.
I expect MNC to be back over 40c within the next 2 months. Go back and look at the BHP and RIO charts post announcement of rent resource tax. Neither of these stocks bounced back immediately but both surpassed previous highs within a few months. I expect MNC to do the same.
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And lets just keep in mind for Los Calatos we are 23,000m into a...
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $8.683M |
Open | High | Low | Value | Volume |
0.9¢ | 1.0¢ | 0.9¢ | $2.189K | 243.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 3976088 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 399172 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 3976088 | 0.008 |
13 | 3749061 | 0.007 |
7 | 3615008 | 0.006 |
6 | 4395000 | 0.005 |
5 | 1528763 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 399212 | 1 |
0.010 | 9029115 | 13 |
0.011 | 849999 | 2 |
0.012 | 3682842 | 4 |
0.014 | 50428 | 1 |
Last trade - 14.43pm 16/07/2024 (20 minute delay) ? |
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LCL (ASX) Chart |