A $40-50M mc feels about right, without drilling success, so i agree that around 20c seems a natural sticking point. Maybe 25c as we get closer to first results...
My logic is that a $10k core position would be a lifestyle changing parcel of shares should they see success at Vulcan, whereas the downside is maybe a $5k loss if they hit successive dusters. Everything else is trading around the edges to earn a few grand if i'm good enough.
A $40-50M mc feels about right, without drilling success, so i...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.220M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $6.469K | 1.617M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 11429582 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4043643 | 3 |
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| Last trade - 12.48pm 05/11/2024 (20 minute delay) ? |
| TAS (ASX) Chart |