BMG 8.33% 1.3¢ bmg resources limited

Surely undervalued?

  1. 843 Posts.
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    New to this stock and trying to run the ruler across it.

    518k ounce maiden jorc at abercromby implied in situ value of $1.5 billion that will grow with further exploration.

    $750 million was sunk on developing the nearby Blackham/Wiluna fiasco but the metallurgy appears far more simple here?

    Other exploration assets in prime locations look promising too with drill results from Bullabulling imminent.

    No matter how you look at it the market cap surely should be mutliples above where it sits now?

    What is the problem here, i just dont get it?
 
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Last
1.3¢
Change
0.001(8.33%)
Mkt cap ! $8.239M
Open High Low Value Volume
1.2¢ 1.3¢ 1.2¢ $19.03K 1.558M

Buyers (Bids)

No. Vol. Price($)
1 749822 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 50000 1
View Market Depth
Last trade - 15.55pm 09/05/2024 (20 minute delay) ?
Last
1.2¢
  Change
0.001 ( 9.09 %)
Open High Low Volume
1.2¢ 1.2¢ 1.2¢ 525905
Last updated 15.01pm 09/05/2024 ?
BMG (ASX) Chart
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