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0.6¢ 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 0.6¢		Change 0.000(0.00%)		Mkt cap ! $12.21M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$60.07K	10.01M

Buyers (Bids)

No.	Vol.	Price($)
2	1097254	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	12398534	11

View Market Depth

No.	Vol.	Price($)
2	1097254	0.006
6	13592400	0.005
15	21254384	0.004
13	8243652	0.003
10	10650101	0.002

Price($)	Vol.	No.
0.007	12398534	11
0.008	4568134	8
0.009	4568058	5
0.010	7927230	7
0.011	2622000	3

Last trade - 15.36pm 22/07/2024 (20 minute delay)

ASR (ASX) Chart