Hi all,
I am a bit of a beginner to the share market and especially spec prospecting stocks. I hold a small portion of S2R currently and have some questions that relate to the current position of the company. I am trying to understand how the current findings and planned drilling Monsoon could affect the share price short term.
With the market cap currently at ~170M, what are the absolute best and worst case scenarios over the next few months? If they hit outstanding drill results at Monsoon, what could a realistic market cap be? Or is the market cap already anticipating stellar results? If not, would we be talking 500M? 1B? Surely there's a hard limit on market cap? What was the highest SIR ever got?
My limited experience and understanding is that a gold resource is valued per ounce in the ground, with an average price of around $100 an ounce, would this be correct?
So leading on to my second question, should the Monsoon drilling return poor results, can we make any kind of an educated guess at to the current resources in ground held by S2R aside from the ~200,000 at Baloo etc? And if so can they be valued? Would we expect to see the share value drop significantly? Or is the planned drilling in northern Europe looking exciting enough to keep the price propped?
Really appreciate any answers anyone could give me to my questions. I realise some of the could have a multitude of different answers as in how long is a piece of string. However any attempt to explain any of this to me would be great.
Cheers
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S2R
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Last
8.5¢ |
Change
0.003(3.66%) |
Mkt cap ! $42.62M |
Open | High | Low | Value | Volume |
8.2¢ | 8.5¢ | 8.2¢ | $8.476K | 100.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 61000 | 8.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.5¢ | 23712 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 61000 | 0.082 |
1 | 200000 | 0.081 |
2 | 358521 | 0.080 |
1 | 70000 | 0.079 |
1 | 100000 | 0.078 |
Price($) | Vol. | No. |
---|---|---|
0.085 | 23712 | 2 |
0.088 | 24904 | 1 |
0.089 | 1394 | 1 |
0.090 | 43953 | 2 |
0.091 | 103300 | 2 |
Last trade - 14.56pm 12/08/2025 (20 minute delay) ? |
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