Came across some information today:
This shows how cheap GBZ is. We are trading at an EV of $28/oz. This was prior to the raise but wouldn't have changed much on an EV basis. Average in June was $62. This is a 1x upside move.
If we move to 2Moz over this drilling campaign that adds 33% to valuation. So that is 2 x 1.33 = 2.67x current price.
If you look further (getting a bit ahead of myself perhaps) producers trade at $180 resource ounce or 3x further again.
Once drill news starts flowing we should get some interest
Wirralie - Next Acquisition Target, page-17
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Mkt cap ! $9.253M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 425640 | 2 |
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