Currently, personally I think reasonal market cap for RGL should be around $60mil, 10c below is gifts absolutely. It will soon break out to 24c soon by 3rd week of Jul to End Jul. Just take a look at our neighbour project, like SLR and BRB, and eastern goldfield area is the hottest zone for gold.
Just take a quick glance of few peers comparison, according to it, many are still same as RGL as early stage explorers only, and based on that, sure RGL is too much undervalued
In addition, thanks @FalconInvestor sharing today, we have #1 Goldman Sachs joined the party, it is quite encouraging and more confidence to this tenement and teams. The retail punters will not have such power to make the share price move in such way. the 24c will be very soon as called by many friends here.
Currently, personally I think reasonal market cap for RGL should...
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Last
0.8¢ |
Change
0.002(25.0%) |
Mkt cap ! $9.071M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $240.1K | 31.54M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 5772049 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 7004799 | 14 |
View Market Depth
| Last trade - 15.24pm 15/07/2024 (20 minute delay) ? |
| RGL (ASX) Chart |