You are incorrect sorry.
I work in the industry and have for 40 odd years.
Miners are still going to work everyday as my son and nephew work on a site in Australia.
Given the slowdown in mining contractors are begging for work and doing it much cheaper than back in February.
So this notion they can't get boots to the site or it's expensive is simply wrong.
I could do them a budget for field work, sampling, mag work and drilling for under $500k. It's my bread and butter.
I think the buyers today are a little smarter than you or I and have done the numbers.
What's the worst thing that happens they raise $1 or $2M to do it quicker and more aggressively? Great I say.
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Mkt cap ! $6.620M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1211701 | 0.4¢ |
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Price($) | Vol. | No. |
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0.5¢ | 686257 | 2 |
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No. | Vol. | Price($) |
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4 | 1211701 | 0.004 |
9 | 13532249 | 0.003 |
6 | 15150000 | 0.002 |
3 | 4300000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.006 | 6634148 | 5 |
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