I'd guess it is technically possible but I'd place that price in the upper best-case scenario category, personally. Miles' previous company, Sandfire, made a huge copper discovery at Doolgunna and it turned it into a $1bn market cap company in a very short space of time. Being that we are only part holders of this lease an 80c shareprice (around $3bn market cap) would be the equivalent of 9 Doolgunnas. Or around 4 Catocas, in equally rough terms.
In other words that sort of price would need either a MASSIVE kimberlite find (e.g. SE251 + several other high value Type2 smaller kimberlites) or later on after JV/share buyback/consolidation etc etc
All my opinion, not advice etc
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5.5¢ |
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Mkt cap ! $15.95M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.4¢ | $3.723K | 67.87K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 172310 | 5.2¢ |
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Price($) | Vol. | No. |
---|---|---|
5.5¢ | 117120 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 172310 | 0.052 |
1 | 50000 | 0.051 |
2 | 20500 | 0.050 |
2 | 100000 | 0.049 |
1 | 40000 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 117120 | 2 |
0.060 | 85167 | 1 |
0.062 | 120000 | 1 |
0.065 | 80000 | 2 |
0.069 | 116000 | 1 |
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