Being in production while growing the resource will give us the biggest bang for our buck. Take DEG's share price as another example - they have been spending 10's of millions drilling resources that won't be mined for decades and have been range bound since mid-21 when the discovery euphoria dried up. Despite all the M&A rumours and being fully de-risked with a DFS and permitting, they are still regularly pumping out drilling announcements and burning big shareholder dollars with little affect on the share price.
Take over premium ?, page-133
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$1.29 |
Change
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Mkt cap ! $1.429B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.31 | $1.27 | $6.108M | 4.747M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17537 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 39997 | 1 |
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| SPR (ASX) Chart |