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
0.001(20.0%) |
Mkt cap ! $7.330M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $41.43K | 13.81M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
58 | 60023377 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 3663784 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
58 | 60023377 | 0.002 |
22 | 82723078 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 3663784 | 3 |
0.004 | 15338850 | 22 |
0.005 | 15753322 | 14 |
0.006 | 12868831 | 15 |
0.007 | 4735141 | 12 |
Last trade - 15.48pm 12/09/2024 (20 minute delay) ? |
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