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0.4¢ asra minerals limited

cheers mode,I think it comes down to the question of will the...

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yoshi265

64 Posts.

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20/05/21

12:54

Post #: 53303244
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Originally posted by mode1971: ↑

Yoshi, leg up as we can then work out a rough value. If say 800m x 250m = x oz.

Then if they expand to say 1600m x 250m, we can double it, if grades are simular, then if they get deep to 500m, we can double that.

The prob at the moment is the old jorc is to small to value at all.

This jorc I do expect higher grade as what was twinned was 20% higher. That is more important than tonnage because higher grade would boost reds grades if things went that way.

Already the small jorc is higher grade than reds, but not enough tonnage to make any difference, but 5m tonnes or more of good grade would increases reds resources by 10% atleast.

10% is alot of money to the PL on volume and when one considers proximity and limited cap costs to add it as feed.

I am hoping anyways, trying to read the market with tnr is difficult because positive things they have done are not reflected and at times I feel there punished for them.

All moves, tarmoola and bullionfx have purpose if one looks a few years out.

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cheers mode,

I think it comes down to the question of will the market look at the interim jorc and value it based on that alone or would it value it as an interim jorc which is in the middle of a drill campaign with veins open in all directions.

TNR Price at posting: 4.6¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $7.810M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$8.747K	2.374M

Buyers (Bids)

No.	Vol.	Price($)
23	24589310	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	2445379	5

View Market Depth

No.	Vol.	Price($)
23	24589310	0.003
10	15000000	0.002
5	23600000	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	2445379	5
0.005	9568644	7
0.006	9652857	9
0.007	13841555	7
0.008	342678	1

Last trade - 10.01am 04/11/2024 (20 minute delay)

ASR (ASX) Chart