The chances of a junior explorer striking it big are low? Well no sheet genius.
That's why a stock with cash backing and a huge exploration budget has the chance of way outperforming even something with a $10m cap and the ever imminent CR. These guys could go pick up another 10 sets of tenements and drill them all with the amount of cash on hand.
If a gold bull starts - which it may well do in the next year - then an EV under $10m and any decent land holdings will rise strongly. 1 less than stellar drill result is not a big deal. Also grade wasn't that bad and the veins look like they are vertical not that they start 200m down.
The chances of a junior explorer striking it big are low? Well...
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Last
$1.37 |
Change
0.025(1.87%) |
Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.37 | $1.31 | $2.349M | 1.749M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6763 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 1808 | 2 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |
