coldhelium, saw your post by chance on MEO, sorry about that. I hope MYG can return the lost capital and then some.
For anyone scratching their head on what they think MYG could be worth today, let me put my 2c in.
-We have 841,000oz gold equivalent
-We have infrastructure that needs upgrade so we can process copper
- I believe MYG warrants a EV A$100 per oz AT LEAST
- Gives you a market cap of $84m
- share price around 30c
This valuation is based on the original resource figure. We know that it will grow.
So as Coldhelium has said, patience is required.
todays trading, page-157
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Last
68.5¢ |
Change
0.005(0.74%) |
Mkt cap ! $62.65M | |||
| Open | High | Low | Value | Volume |
| 68.5¢ | 68.5¢ | 68.5¢ | $2.348K | 3.428K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11000 | 68.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.5¢ | 1447 | 1 |
View Market Depth
| Last trade - 13.10pm 18/10/2024 (20 minute delay) ? |
| MYG (ASX) Chart |