Good couple of points from fellow shareholders. By no means the above charts will be correct, I am just illustrating the current trend in the positive share price.
The dynamics of the Antipa JV's offers a unique support buffer for a junior explorer. If one lot of results is negative then you still have drilling activity from 3x other exploration sites, in a staggered frequency and thus the probability of success increases. This helps maintain the momentum and positive share price outlook. The exploration budget is massive ($150 million) and the latest technology is being applied to find new targets under the sand dunes.
We can only image how many exploration geologists are working on their respectively patch of ground in this remote part of the world and the time constraints they are under to get results. This is in terms of obtaining results;
- Before the peak of summer temperatures hit,
- Understanding the Citadel land package so Rio's goal of building a Winu processing facility by 2023 can be economically achieved,
- Newcrest finding new ore sources before Telfer runs out of ore,
- Antipa proving up ground suitable for Toll treatment at Telfer or Winu, and
- IGO getting some runs on the board for their JV ground and exploration activities with Metals X in this region.
Also, a lot of modern day number crunching and resource modelling of diamond core is occurring in the background
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1.1¢ |
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Mkt cap ! $51.81M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $24.95K | 2.268M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2741234 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 8606418 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2741234 | 0.011 |
35 | 14384387 | 0.010 |
28 | 10366044 | 0.009 |
14 | 5515590 | 0.008 |
5 | 2122000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 5606418 | 14 |
0.013 | 8401164 | 8 |
0.014 | 4244600 | 8 |
0.015 | 3810848 | 8 |
0.016 | 4364631 | 9 |
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