The price of gold is really rocketing on the overnight markets. I was doing a quick valuation calc and while I was doing it it went from 3170 to 3180 an ounce AUD.
With a best-case scenario of 129K ounces of gold extracted at Munda for a fixed cost of extraction of 258.4M the current valuation of the Munda deposit sits at $1.16 per share - cash.
Dilution seems unlikely with cash from Jeffrey's Find to fund Munda development.
If the price of gold keeps heading north AWJ is going to be a multi multi-bagger in less than 24-46 months IMHO.
The price of gold is really rocketing on the overnight markets....
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Last
36.5¢ |
Change
-0.005(1.35%) |
Mkt cap ! $54.22M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.0¢ | 36.0¢ | $142.1K | 385.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50887 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 33851 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| AWJ (ASX) Chart |