I think the best way to sum it all up is:
- the gold quantities they were hoping for weren't where they were looking
- it is quite possible (probable?) that if they have enough funds to look elsewhere, they will find where the gold actually is
- even if they don't find a resource that is 12g/tonne in the end, that still isn't the end of the world
What I'm hoping (and assuming) they are doing, is re-evaluating the area, figuring out where they can most likely find better veins, and keep trying.
And if the stockpile is not as rich as hoped, it could still be viable for some modest production. If they have the plant on-site anyway, and they make more money from it than it takes to process, then it's always worth generating some independent cash-flow.
If nothing else, even very modest production inspires a certain base-line of confidence in their ability to see this through from start to finish.
Still, this stock may need to sit in the drawer for a while now, because it doesn't look possible to re-rate past 1c this side of XMAS now.
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.95M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $30.21K | 5.035M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 26664798 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 545605 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 26664798 | 0.005 |
11 | 10186262 | 0.004 |
9 | 7146986 | 0.003 |
7 | 7550101 | 0.002 |
8 | 16990151 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 545605 | 1 |
0.007 | 9516779 | 8 |
0.008 | 12646417 | 12 |
0.009 | 4400000 | 4 |
0.010 | 4675000 | 6 |
Last trade - 12.43pm 04/09/2024 (20 minute delay) ? |
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