Gegraphically GRM's ground is outstanding, on a nearology basis.
Remember how close Sandfire SFR came to entirely missing the mammoth deposit?
My point is that a few mediocre rock chips from Turkey does not a bad tenement make.
Obviously its a speccie jb, we all know that.
$2 million market cap, no debt.. i dont know of any resource company with no debt with a market cap of less than $1.5 million, do you?
So lets assume $1.5 million m/c is ultimate floor price, this equates to sp of roughly 1.1c.
So worst case, Turkey drills find nothing, 1.1c, assuming all else is equal of course ie asx circa 4200.
A sniff of gold and you would expect at least a fleeting jump to a m/c of $4 million or 3c per share.
Best case is 5c to blue sky if they hit something worthwhile.
Its a very calculated risk at 1.5c or so.
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Last
14.5¢ |
Change
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Mkt cap ! $60.70M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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---|---|---|
1 | 30000 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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16.0¢ | 74741 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 5555 | 0.180 |
1 | 30979 | 0.175 |
5 | 69411 | 0.170 |
2 | 106061 | 0.165 |
2 | 18611 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 10525 | 1 |
0.195 | 28699 | 1 |
0.200 | 10206 | 2 |
0.205 | 15888 | 2 |
0.210 | 8238 | 1 |
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