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8.00%

2.7¢ godolphin resources limited

Just compare it with TMZ, which increased 73% today. While TMZ...

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densamer

2,721 Posts.

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01/02/21

19:12

Post #: 50618581
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Originally posted by schmunzel75: ↑

https://unauthorised investment adv...ocks-guide-heres-everything-you-need-to-know/

Things may be about to change in silver’s favour, however, and this is down to an obscure trading tool called the gold to silver ratio.
The ratio highlights how many ounces of silver are required to buy one ounce of gold.
At current prices, $US1,810/oz for gold and $US19.30/oz for silver, it takes nearly 94 ounces of silver to buy one ounce of gold.
For centuries right up to the late 19th century the ratio was relatively steady, varying from 15:1 to 30:1.

Below is a comparison what happened today with ASX silver mining companies and explorers.
It is clear that the market is unaware about the JORC 2012 compliant silver resource of GRL.
Time to spread to word.
Notably, 50 g/t Ag is called high grade and RIM's Sorpresa project is in the East Lachlan Fold Belt of NSW.

View attachment 2868812

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Just compare it with TMZ, which increased 73% today.

While TMZ has 5moz more contained silver, GRL has 18moz ag.eq more. TMZ has an EV of 82.25m (adding shares to SOI for the acquisition of the silver deposits off SVL) compared to an EV of 12.84m for GRL. Roughly the same ag.eq grade of 350 g/t.

GRL Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.7¢		Change 0.002(8.00%)		Mkt cap ! $5.157M

Open	High	Low	Value	Volume
2.7¢	2.7¢	2.7¢	$3.58K	132.5K

Buyers (Bids)

No.	Vol.	Price($)
3	55369	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	265262	2

View Market Depth

No.	Vol.	Price($)
3	55369	0.026
6	832465	0.025
1	45450	0.022
1	45499	0.021
2	129998	0.020

Price($)	Vol.	No.
0.027	265262	2
0.028	150000	1
0.030	147629	1
0.033	281486	1
0.036	1278	1

Last trade - 11.20am 06/05/2024 (20 minute delay)

GRL (ASX) Chart

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