Also if you take into account we could be in production very early (as per presentation)...
"targeting low cost, rapid start up cash-flow potential from outcropping, high-grade, resources"
Then the market is forward thinking and if they decide to mine the very high grade 45,000oz resource @ 7.2g/t (and growing after the next drilling phase) then this will be extremely low cost/big cashflow since it's very shallow... So the market cap may be valued even higher on forward thinking by the market...
positive market reaction, page-9
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Last
0.2¢ |
Change
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Mkt cap ! $5.135M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $5.865K | 3.732M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 49404552 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 133628238 | 39 |
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| Last trade - 14.53pm 05/08/2024 (20 minute delay) ? |
| RMX (ASX) Chart |