Yep. Market is not that interested in stocks at the moment and continue to miss value. It happens a lot and then they look stunned when things get taken over for premiums. The initial JORC should be a great start to an obviously open deposit area.
This will end up being a serious little goldie and i am sure the company will be gone by years end. A class address, open pits, near infrastructure, well run, tiny market cap, higher grade than normal and surrounding mills need resources etc. The gold price is doing just fine.
I am hoping the company talks more about the real potential here now they have spent real time on the ground and working out the geology. They have also confirmed and expanded on their models. I believe this will end up north of 500k oz's down the track and they dont need anywhere near that to begin mining or be taken out. Every 100,000 ounces is worth $180,000,000 in today's money and the margins up here would be chunky.
The current market cap is only $9m and $2m of that is cash.
A lot of these emerging miners are in the middle of no where with no infrastructure or workforce. BC8 has multiple advantages over a majority of gold companies. dyor
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Last
63.0¢ |
Change
0.020(3.28%) |
Mkt cap ! $161.9M |
Open | High | Low | Value | Volume |
61.5¢ | 63.5¢ | 60.5¢ | $3.093M | 4.980M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 41223 | 62.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
63.0¢ | 22474 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 37469 | 0.385 |
1 | 14849 | 0.380 |
2 | 58500 | 0.375 |
3 | 107783 | 0.370 |
4 | 186557 | 0.365 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 108730 | 2 |
0.395 | 178353 | 4 |
0.400 | 608864 | 10 |
0.410 | 210000 | 2 |
0.415 | 20000 | 1 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
BC8 (ASX) Chart |