If that's the point you were making then make that point. You clearly knew your original post was false information and deliberately misleading by saying they had a proven 200k oz.
"Big Blue Chip" companies don't go chasing 120000 oz inferred resources btw. Nonsense. Valuing that inferred resource at $833/oz to get $100,000,000 is also nonsense. $833 is just a random number you used with no basis in anything. DEG for example with it's 10.6 Moz based on today's MC is valued at $136/oz and this is 2/3 indicated not inferred and it will clearly be a mine in time.
$12 mill is the most you could value Gimlet with no scoping or feasibility studies completed to ascertain if it could ve economically extracted at (which doesn't mean it isn' worth more to the right buyer which for mine is HRZ). I place as much value on those 40cm widths from Snowstorm you quoted as the market has to date....zero. Doesn't mean they won't find something of value but at the pace and cost this management drills and discovers IMO they will destroy much of that value through continued dilution even if they do. I wouldn't trust them to run a meat raffle at the local on a Friday night.
- Forums
- ASX - By Stock
- The riches flowing from Victoria's 'new gold rush'
If that's the point you were making then make that point....
-
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAU (ASX) to my watchlist
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.623M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 321927 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 11896404 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 321927 | 0.002 |
42 | 79675968 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 11896404 | 18 |
0.004 | 17397388 | 12 |
0.005 | 13333936 | 8 |
0.006 | 6299990 | 5 |
0.007 | 2900000 | 2 |
Last trade - 16.00pm 12/09/2024 (20 minute delay) ? |
Featured News
FAU (ASX) Chart |
Day chart unavailable