So my very off the cuff calculations would be:
$13m in Bullion
Last quarterly 7m cash - lets say they have spent 2m - so 5m onhand
6m from Rand.
So TBR as I see it:
13 + 5 + 6 = 24m in cash or recievables
High Grade Gold Reserves low cost operation
Great exploration potential in WA & Ghana
Extremely tight register (probably to tight)
With a market cap of 36m!
Either an absolute beauty of a hidden gem or there is something seriously wrong with this company that I have missed.
I would hope to see a mininum 100% increase in the next 6months however I think the market cap could support 2 or 3 times that. Thats why I've put my money in anyway.
So my very off the cuff calculations would be:$13m in...
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Last
$3.30 |
Change
-0.030(0.90%) |
Mkt cap ! $173.1M | |||
| Open | High | Low | Value | Volume |
| $3.33 | $3.33 | $3.30 | $53.22K | 16.03K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2321 | $3.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.33 | 422 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| TBR (ASX) Chart |