Hi malaga,
Correct me if I'm wrong but I've got diluted assets of $3.8M (incl. Options Conversion), I'm assuming this is enough cash to fund project for a while.
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Other than that; they have a killer gold asset, but I think the HPA will be the main play here.
ATC the other main HPA player on the ASX ripped through longterm resistance into the $50M+ MC range. Our asset seems bigger than theirs albeit they are more derisked.
However shouldnt count out gold asset either as a price pusher. 572,000 ounces at 3.4g/t is much better than alot most specs. And we are at $13M EV.
Golds on a rip too right now.
Could easily sell the asset for a couple Mill or JV it and bring our EV to the $10M level. Which is quite cheap for a co with this register, tolga, this space and potential size of HPA, Syrah boys.
Cheers
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17 | 21844402 | 0.004 |
12 | 16999332 | 0.003 |
17 | 31262527 | 0.002 |
14 | 39899998 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
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0.007 | 21533857 | 5 |
0.008 | 10625000 | 4 |
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