I did have a very quick chat with the company. They are indeed on target for production to commence in Quarter 3 (as per ASX anns) at around 1500 - 2000 ounces per month. The goal initially will be to repay all debt ASAP and then build up cash reserves.
Looking at current gold prices $AUD 4,560.
These guys are going to have a very very healthy cashflow commencing mid year. This seems to be "significantly" undervalued at current price.
cheers
I did have a very quick chat with the company. They are indeed...
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $137.0M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 14.0¢ | 13.0¢ | $42.25K | 312.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 305242 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 263569 | 4 |
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| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| NMR (ASX) Chart |