Good point .
A takeover would definitely involve a premium and is a definite possibility as the present mkt cap barely ascribes fair value to N E Banakan without reflecting the significant blue sky potential both of the deposit(s) at depth and the rest of the tenements .
I will (painfully) confess that a couple of my bigger mistakes were taking profits from FMG and NST far too early .
The questions I have at NE B. are , how deep will they end up going and will there be an underground ?
I'm guessing about 200m and "yes" but maybe deeper if "no".
But a fair amount is known as the deposit is relatively uniform and not too complicated .
The big question for me though considering the prospectivity of the tenements , the number of targets and how little drilling has been done is , is there ANOTHER N E B. deposit going to be discovered OR if not what satelite deposits ?
What is your exit plan?, page-8
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Last
19.0¢ |
Change
-0.005(2.56%) |
Mkt cap ! $445.9M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 18.8¢ | $168.1K | 880.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99963 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 41890 | 2 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| PDI (ASX) Chart |