so market doesnt like this goldie?
480m fully diluted (disregarding out of money options)
MC 24m at 5c
Cash Sep Qtr=1.6m+2.3m (placement at 6c)+850k (placement at 5.5)=4.8m rough
30m partly paids (still 11c to pay) brings $3.3m
EV=24-4.8-3.3=16m
900k oz resource, 450k oz proven reserve, open pit
DFS done
environmental approval granted
DFS uses 505/oz cash cost
CAPEX 136m according to DFS
but latest update on company website revealed 2nd hand plant option, which could save tens of millions on 136m required
http://www.atlanticgold.com.au/
the company is one step away from mining, ie funding.
current EV is a joke
placement price consistently above prevailing market price
And management
these guys developed Plutonic Resources which was taken over by Barrick
Mr. Ronald J. Hawkes serves as Non-Executive Chairman of the Board of Atlantic Gold NL. He is a Board member since 18 January 1999. Mr. Hawkes has 44 years? experience in the mining industry and was formerly the Managing Director of Plutonic Resources Limited. He is a member of the Audit Committee and the Remuneration Committee. His Qualification is BSc, FAusIMM, FGAC.
Mr. Walter R. Bucknell serves as Executive Director of Atlantic Gold NL. He is a Board member since 18 January 1999 Mr Bucknell has 40 years? experience in the mining industry and was formerly the General Manager ? Exploration of Plutonic Resources Limited. He is a member of the Audit Committee and the Remuneration Committee. His Qualification is BSc (Hons), FAusIMM, FGAC, MSEG.
market needs to wake up
the EV/oz is an absolute joke
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Last
5.0¢ |
Change
0.002(4.17%) |
Mkt cap ! $15.89M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 5.0¢ | $14.97K | 299.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 121739 | 4.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.3¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 121739 | 0.046 |
3 | 255000 | 0.045 |
1 | 950000 | 0.044 |
1 | 25000 | 0.042 |
1 | 85000 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.063 | 100000 | 1 |
0.069 | 200000 | 1 |
0.075 | 50000 | 1 |
0.078 | 80000 | 1 |
0.080 | 20000 | 1 |
Last trade - 11.44am 05/07/2024 (20 minute delay) ? |
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