My posts start here...
Subject: huuuuuuuuuge copper resource : tiny mkt cap
Stock Code: MGO - MARENGO MINING LIMITED
Posted: 06/10/06 21:17 Hotcopper Radio: MGO on BoardRoom Radio
Posted By: dexterbland Views: 165
Post #: 1291146 (In Reply to msg #1291130 from dexterbland) Sentiment: Buy
IP: 58.106.xxx.xxx
Subject: is this the most undervalued stock on asx...
Stock Code: MGO - MARENGO MINING LIMITED
Posted: 12/10/06 21:31 Hotcopper Radio: MGO on BoardRoom Radio
Posted By: dexterbland Views: 253
Post #: 1302927 (Start of thread) Sentiment: Buy
IP: 202.93.xxx.xxx Voluntary Disclosure: No Stock Held
MGO is priced at around 0.1% of the in-ground value of its JORC-inferred resource.
Market cap is around $20 million.
In ground value is around $20 billion.
Yes I know its not that simple, but:
- Resource is expected to double as drilling continues.
- Entire resource is expected to move into JORC indicated category.
- Is shallow - virtually at surface (unlike PMH, MOX etc)
- Grades are improving with more targeted drilling and high-grade zones are being discovered (some of the best holes are not even included in current resource statement).
If anyone knows of a stock more undervalued than this please let me know.
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.330M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $148.2K | 49.40M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 5975987 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 31407959 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 5975987 | 0.003 |
37 | 31570186 | 0.002 |
16 | 71023078 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 31407959 | 24 |
0.005 | 21703661 | 25 |
0.006 | 12367539 | 15 |
0.007 | 9935902 | 12 |
0.008 | 26241792 | 8 |
Last trade - 14.28pm 07/08/2024 (20 minute delay) ? |
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