JORC is only the very front end of the process towards earnings $ from resources in the ground.
The size of the deposit still needs to be proved out with a greater degree of accuracy + customers agreeing to buy it + mining licence etc.
One way of looking at the SP is to say that the inferred deposit (JORC) is priced in at ~6 cents a share.
Which means that any Lithium announcements from South America and gold announcements from Western NSW and any upside to Noomb (expediting the process for example) or (expanding the deposit with additional drilling and finding more great results) will only result in upside.
So (for example) if the SP were to head back into the 5's (IMO DYOR), then that is a great chance to buy.
IMO DYOR
JORC is only the very front end of the process towards earnings...
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Last
21.0¢ |
Change
0.010(5.00%) |
Mkt cap ! $588.7M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.5¢ | 20.0¢ | $1.578M | 7.468M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 213756 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 337720 | 8 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
21.0¢ |
Change
0.010 ( 4.27 %) |
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| Open | High | Low | Volume | ||
| 20.5¢ | 21.5¢ | 20.5¢ | 2865549 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| LRS (ASX) Chart |