How about this for an uneducated back of envelope calculation.
$5,800,000,000 of metals in the ground divided by 2 (pie in the sky cost to set up a mine, extract the ore and process it)
Equals $2,900,000,000 divided by 815,000,000 shares on issue
This equals a prospective share price of $3.55
That doesn’t include anything else to add that might be discovered in the next couple of weeks.
Hey, I might be totally wrong, but maybe I’m right?
BTW I do realize I am not at all qualified in mining, but one can dream.
You have to admit, it would be a nice dream.
How about this for an uneducated back of envelope calculation....
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Last
3.9¢ |
Change
0.001(2.63%) |
Mkt cap ! $34.57M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 4.2¢ | 3.8¢ | $23.36K | 601.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 717472 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 11904 | 1 |
View Market Depth
| Last trade - 15.03pm 08/05/2024 (20 minute delay) ? |
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Last
3.9¢ |
Change
0.001 ( 2.63 %) |
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| Open | High | Low | Volume | ||
| 3.8¢ | 3.9¢ | 3.8¢ | 68828 | ||
| Last updated 15.03pm 08/05/2024 ? | |||||
| HMX (ASX) Chart |