Yep... I made this on the announcement thread...
IMHO it is overdone. At time of writing this we have a MC of $13.5m... about $9.5m cash (pre-spud) giving us an EV of around $4m (not sure what this drill cost us). We have another drill in a different prospect in a few months. But more in importantly we have up to $16m from Cliff Head starting to come in in a few months (at least $8.5m in the first 2 stages). And we also have our holdings in GAS.
By my calculations, with a MC of $13.5m right now... we are priced below our cash and asset valuations right now.
Yep... I made this on the announcement thread... IMHO it is...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
-0.001(16.7%) |
Mkt cap ! $5.223M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $89 | 35.53K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 56892651 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 6410860 | 15 |
View Market Depth
| Last trade - 11.43am 30/07/2025 (20 minute delay) ? |
| TEG (ASX) Chart |