Fundamentals drive the share price and I see the share issue to Venus holders as the biggest negative right now.
Positioning Rox as the sole owner of Youanmi gold has a cost but well worthwhile in the longer term.
Note that the recent downturn in the share price is vey low volume.
Another negative is the disappointing last update on Paddy's Lode with Rob Ryan commenting that they were a long way from understanding the discovery. But a worst case scenario is for a very high grade deposit of 50K to 100K oz Au by my calculation and potentially a lot more..
That's valuable to plug the holes in the Scoping Study. The we have Midway now with a long strike length and both Paddy's and Midway are open at depth.
With Link drilling complete we could get an upscaled MRE pushing 3.5m oz Au imo which is probably the largest gold deposit in WA that is not being mined. The rising price of gold makes production at Youanmi more profitable than ever.
We should be getting the IP Survey results on Paddy's Lode around the end of this month and then an exploration program that may include the exciting new discovery at Linda Gossan
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13.5¢ |
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Mkt cap ! $55.17M |
Open | High | Low | Value | Volume |
13.5¢ | 14.0¢ | 13.5¢ | $11.38K | 84.02K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 480392 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 293274 | 6 |
View Market Depth
No. | Vol. | Price($) |
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6 | 480392 | 0.135 |
12 | 1024221 | 0.130 |
4 | 171200 | 0.125 |
6 | 485008 | 0.120 |
3 | 22798 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 168592 | 4 |
0.145 | 353599 | 3 |
0.150 | 209914 | 3 |
0.155 | 215972 | 4 |
0.160 | 313079 | 4 |
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