I think a valuation of about $150 million market cap is about right if they are out of debt by June.
They will need a lot of capital to advance some other projects and the world is on a turning point, there is another black swan event on the cards. If they could survive care and maintenance for 12 months I would buy but they simply dont have enough cash.
There are gold companies that were 5 cents in 2008 due to the gold correction that are now $1.50 and $1.3 billion market cap. I tend to think the whole world economy is on a turning point. Black swan events result in markets liquidating and a race to the bottom as in 2008.
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $160.1M |
Open | High | Low | Value | Volume |
20.5¢ | 20.5¢ | 20.0¢ | $69.57K | 345.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 380648 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 117690 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 352971 | 0.200 |
6 | 145978 | 0.195 |
3 | 33138 | 0.190 |
1 | 80000 | 0.185 |
9 | 446949 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 103000 | 1 |
0.210 | 257580 | 8 |
0.215 | 327655 | 5 |
0.220 | 19760 | 3 |
0.225 | 394731 | 5 |
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