Short Term Trading Week Starting: 29 Jun, page-63

  1. 3,367 Posts.
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    SHH

    MCT moved from 0.2c to 4.5c on their drilling. That is up 22 times.
    I thought SHH would have been over 1c by now


    The market has not done their homework.

    $3M market cap, $900K cash. EV $2.1M

    They have a DSO IO project that is ready to recommence at short notice. IO at $101/tonne

    https://hotcopper.com.au/data/attachments/2264/2264002-ec42fdc9f25017e34c7e0e0a1d09752e.jpg

    The immediate value lies in their proximity to MCT. They have all the surrounding grounds.

    https://hotcopper.com.au/data/attachments/2264/2264015-1db05cdd6e235cb3cf631719e070a659.jpg

    At 1c it would be a $6M market cap. I think it will get there very shortly.

    People have missed the proximity to MCT.
 
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