CDV
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0.00% $1.08 cardinal resources limited

Gold stock - if breaks 39-40c could explode, page-69

  1. 2ic
    5,694 Posts.
    lightbulb Created with Sketch. 4669
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    07/08/19
    12:07
    Post #: 39900114
    500M shares on issue post oppie conv.
    Market Cap (=EV with zero net cash) at 36c is A$180M
    Reserve 5.1M Oz Au
    AUD:USD $0.675

    Therefore EV/Reserve Oz = US$23.8/Oz..... POG US$1490/Oz.....confused.png

    CDV Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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