SRN 0.00% 0.4¢ surefire resources nl

Testing results coming next week, page-3

  1. 4,916 Posts.
    lightbulb Created with Sketch. 136
    Considering the price of V2O5 is ~$19/lbs, you're looking at $15bn in the ground.
    If we look at our peers, they sit around ~$1.5M - $2M Market Cap per $1bn of resources in the ground
    We're sitting on $0.5M as a comparison.

    SRN is not just about the Vanadium either.
    Striking 79% pb (when 15% is considered high grade) and 200g/t Ag (when 50g/t is considered high grade).

    If you're still not convinced, perhaps management might change your mind, as the director bought $800k of SRN shares not long ago.

    A promising future for this company, for those willing to see it.

    So I'd ask you, do you really think we should be at $8.6M market cap diluted ($5M fully ordinary shares)?
    Last edited by demoniaco: 30/07/18
 
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