I think you have got your estimates totally wrong. If successful possibly 0.008 or 0.009 cents is immediately possible.
I cannot see $5, maybe $4.95 tops!
But realistically somewhere in between at the lower end.
Do your own research and all that............
What price realistically can MRD reach if they hit a commercial mineable resource, page-4
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Last
0.1¢ |
Change
-0.001(33.3%) |
Mkt cap ! $7.785M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.1¢ | $4.656K | 3.847M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 155 | 415992150 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 99885733 | 46 |
View Market Depth
| Last trade - 12.37pm 29/04/2024 (20 minute delay) ? |
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Last
0.1¢ |
Change
-0.001 ( 33.3 %) |
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| Open | High | Low | Volume | ||
| 0.2¢ | 0.2¢ | 0.1¢ | 1456719 | ||
| Last updated 12.02pm 29/04/2024 ? | |||||
| MRD (ASX) Chart |