Only trouble is Sarg that is not how the market values a gold deposit. The value attributed to gold in the ground per ounce has little correlation to the spot gold price. In fact 80% of all gold deposits are bought for less than $90/oz. With 56% of those at less than $45/oz. I wish it were your way but unfortunately it is not.
Those figures quoted come from a 24 year study of 253 takeovers in the gold sector between 1990 & 2013.
That would place the value per Peel share at between $0.037 to $0.074
36c Rights Issue, page-20
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $63.91M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.5¢ | $11.37K | 98.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 89603 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 113500 | 3 |
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| Last trade - 15.48pm 29/11/2024 (20 minute delay) ? |
| PEX (ASX) Chart |
