Something that has me a little concerned is the lack of intent to drill, unless management have some good estimates about the PFS and are happy with what is going to be included.
The plan for "Up to 3 drill rigs" this season on the back of last years efforts (measly 7,000m) is a worrying sign that this could push the timeframes out further.
Even more worrying is if they include Cathedral which is obviously under drilled and would need another 15,000m alone.
I'd like to see them raise $20-$30M up around the $1AUD level, and drill, drill, drill. Maybe a big ask to sell it that high, but this is looking at an NPV of $1.5 - $2B on listing, so a market cap of $200M should be close to on the money, with much more room to move over the next 3 years for new investors. Say trading at 10% - 20% of NPV, I'm sure US funds will be doing their numbers to get a correct price for the current NPV.
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Last
18.0¢ |
Change
0.015(9.09%) |
Mkt cap ! $46.22M |
Open | High | Low | Value | Volume |
17.0¢ | 18.0¢ | 17.0¢ | $43.68K | 249.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 93005 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 41423 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 93005 | 0.175 |
2 | 36000 | 0.170 |
5 | 235480 | 0.165 |
2 | 125000 | 0.160 |
2 | 62903 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 41423 | 2 |
0.195 | 73067 | 5 |
0.200 | 143965 | 4 |
0.210 | 4650 | 1 |
0.220 | 4500 | 1 |
Last trade - 11.07am 11/10/2024 (20 minute delay) ? |
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