Before anyone should bail out there is still a lot of potential here. Think of the high grade gold that has been found, some less than 30 metres from the surface. Say 200,000 ounces is available, at $1100 per ounce. That is $220 million of revenue that is easily obtainable. That is before they investigate the other gold hits open in many directions. M10 has always had the potential to be a million ounces . Then there is the grapes analogy where you hit one high grade area, then historically there is a very good chance of more high grade grapes clustered in that area.
I have reduced my sentiment from buy to hold, but i think it is a very good hold (if that makes sense)
Before anyone should bail out there is still a lot of potential...
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Last
$2.77 |
Change
0.000(0.00%) |
Mkt cap ! $193.5M | |||
| Open | High | Low | Value | Volume |
| $2.74 | $2.78 | $2.62 | $52.50K | 19.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $2.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.78 | 708 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DSE (ASX) Chart |