Hi Stefan, I had done exactly the same calcs as you and agree it is crazy cheap. I convert all my metal resource stocks by mkt cap or project value (less cash) back to a gold equivalent as I read that $30 an ounce was a standard measure for explorers which they were complaining was historically low. So on that bases ARD is like 27cents gold ounce equivalent.
My only problem is I paid 14.5 cents for it some Im $2500 down and am taking a real bath at the moment as Im heavily into resource stocks thanks to the advice of Dr Cowie.
I can see the fundemantal values of the stocks are so great but its getting pretty scary at the moment. Took a real hiding today!
Hi Stefan, I had done exactly the same calcs as you and agree it...
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Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $33.26M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.3¢ | $53.77K | 2.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 2535204 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 679965 | 2 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| ARD (ASX) Chart |