The near surface high grade zone at Tesorito makes this is winner for me. Just 100koz to 200koz of this stuff will make a huge difference to the NPV - assuming all in mining cost of $1,000 / oz (pure guesstimate), that's a cash profit of $80m (min) which is almost the current market cap!
Mr Market seems to be a bit slow to pick up on this important fact.... Guess the North American instos a bit more clued up!
Hole 27 and the other drill holes radiating out from the drill pad for holes 24/25/26 I expect will come good (hopefully some juicy grades) so these results should see the share price trade up again to 20c+ in my opinion.
"The current drill program includes multiple additional holes radiating from the same pad to further expand this zone of considerable interest."
GLTA
LCL LOS CERROS Charts, page-471
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $8.683M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 0.9¢ | $31.71K | 3.137M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1441543 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 836122 | 3 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| LCL (ASX) Chart |