time will tell wrongway.
holding mining stocks waiting for good exploration results never a reliable long term strategy in my view. the odds arent in your favour.
in SBM's case they are carting ore some reasonable distances so low grade stuff will be low margin. its a large mill at meeka so little hits will not be enough, a swathe of good drill hits is going to be required. admittedly good country and a big drill program so maybe they can pull it off.
acturtle
sbm, page-9
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $159.5M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.0¢ | $1.426M | 7.249M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 2050308 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 234607 | 5 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| SBM (ASX) Chart |