In-situ value is 5000t x $25000 per tonne = $125m.
Probably very marginal at grades of less than 1%.
Worth very little until proven and would need a lot more tonnage to be viable imo. Maybe that will come with further drilling, plus this is only from the lesser of the 2 areas. Wanaka is the most prospective area. Something to build on for the future more than anything else.
I dont know what its worth to the share price, but the market thinks not much at the moment. EYE is cheap but has quite a lot of risk. Happy to have a few for a 6 month hold. Then again you could put your money into just about any iron ore stock and have less risk.
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Mkt cap ! $50.34M |
Open | High | Low | Value | Volume |
22.5¢ | 22.5¢ | 21.0¢ | $95.62K | 444.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 52740 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 73205 | 2 |
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No. | Vol. | Price($) |
---|---|---|
3 | 52740 | 0.215 |
1 | 131378 | 0.210 |
4 | 91540 | 0.205 |
17 | 405320 | 0.200 |
1 | 3000 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 73205 | 2 |
0.230 | 36950 | 3 |
0.235 | 100000 | 1 |
0.245 | 11000 | 1 |
0.250 | 49617 | 2 |
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