It's a pretty simple equation. For every $10.00 per ounce rise in the POG the asset value of Munda increases by one cent per share, based on current resource estimates.
Any drilling/assay results that delineate a higher rate of recovery or larger resource will add additional value.
Currently, the market is assigning little more than speculative value to Munda. Once more certainty around the resource is achieved there will be a fairly spectacular rerating one would think.
That's how I see it anyways and I am comfortable with the risk-reward profile particularly based on AWJs progress to date.
All in my honest opinion and please DYOR.
It's a pretty simple equation. For every $10.00 per ounce rise...
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Last
18.5¢ |
Change
-0.020(9.76%) |
Mkt cap ! $27.48M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 18.5¢ | $168.2K | 865.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 179053 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 344100 | 3 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
19.0¢ |
Change
-0.020 ( 5.00 %) |
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| Open | High | Low | Volume | ||
| 20.0¢ | 20.0¢ | 19.0¢ | 187139 | ||
| Last updated 15.39pm 21/05/2024 ? | |||||
| AWJ (ASX) Chart |