There are good reasons for the strength:
1. They will be drilling in June for the down-faulted extension as well as doing infill drilling on the scarp. The down-faulted extension just has to be there.
2. Company is presently preparing a bankable feasibility study (BFS) as part of their move towards production in Q3 2010.
3. Based on known resource their net present value is $50 million compared to market cap of $7 million.
4. They have cash sufficient to finish the BFS. At that stage they would be able to fund mine development with a gold loan. Equity dillutions are pretty much behind them.
5. Paron is now 100% owned by LAT following payment of final instalment in Decemeber.
There are good reasons for the strength:1. They will be drilling...
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Last
13.5¢ |
Change
-0.015(10.0%) |
Mkt cap ! $19.25M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 12.5¢ | $11.39K | 87.03K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 1255 | 1 |
View Market Depth
| Last trade - 15.44pm 11/07/2024 (20 minute delay) ? |
| LAT (ASX) Chart |