0.5c is really, really low. Pending oppy conversion, that's a market cap of just over $10m at best. The intrinsic value of the PFS, including drill holes and lab work, has gotta be more than that. In the case of further broad market falls, I wouldnt preclude 0.5c... I just see it as very unlikely.
Personally, I dont expect the price to drop much below 1.0c, with 0.7c being my estimated floor. Again, this depends entirely upon how the broader market behaves over the next quarter. I've already noted above that 2.0c is my current roof.
Now here's the trading range: 0.5-2.0c
AVL Chart, page-2924
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $129.4M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $19.32K | 1.233M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 52 | 31134484 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 10443280 | 19 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| AVL (ASX) Chart |
