been watchIng mnc from the sidelines for the last few months. I think there's too many people caught up on the grade thinking it's not commercially viable.
whilst 1+g/t would be great. the deposit is definitely still commercially viable.
for eg, boddington Gold has been operating for a long time at around .8.
other concerns about the cashburn needs to be taken relatively. market cap/cash on hand.
Its not the next Superpit but definitely strong upsIde potentIal
it's definitely not without risk, but reward outweighs for me. happy to be on mnc options at almost a throw away price (0.002) low enough to exit on a short term trade on any overhyped news, however looking to hold long term of things play out as I foresee.
SF2TH
*sentiment changed to buy to reflect actions today
(Spec) Gold Turnaround Story of 2018, page-384
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $8.683M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $1.305K | 145K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 3313847 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 1309999 | 3 |
View Market Depth
| Last trade - 14.10pm 08/11/2024 (20 minute delay) ? |
| LCL (ASX) Chart |