Will be interesting to see what the drilling turns up in that 600m gap, and down dip. Shallow dipping and very consistent. Oxide gold a strong possibility, and any higher grade zones would be welcomed (project economics very sensitive to grade).
As for GMD, Ulysses is just getting interesting. These latest results and very high grade. I'm hoping they can prove the high-grade consistency at depth on the west/central shoot. And Barimia RC assays are due next week. Could be some good news there as well as some of the gaps are closed. You would have to think RMS is following this?
They will need money at some point, but so will CMM. Assuming the capex comes done to, say $120mill, 70% debt, leaves about $36mill to raise to start construction. You would hope that's done at 10c+.
EGA has the options overhang, but that will be over next month. Things could change on the momentum front with a bit of exploration success as well.
Agreed with BRB they just need to get a JORC number in the market now.
As near term developers with good exploration upside, CMM, EGA & GMD offer significant value IMO. I'm also a fan of DCN as you know. All four are long-term holds for me.
- Forums
- ASX - By Stock
- Ann: Change in substantial holding
Will be interesting to see what the drilling turns up in that...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CMM (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.43 |
Change
0.010(0.16%) |
Mkt cap ! $2.397B |
Open | High | Low | Value | Volume |
$6.43 | $6.55 | $6.42 | $531.6K | 82.04K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 205 | $6.43 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.44 | 2986 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 135 | 5.570 |
5 | 14915 | 5.550 |
2 | 7023 | 5.540 |
4 | 10250 | 5.530 |
1 | 3000 | 5.520 |
Price($) | Vol. | No. |
---|---|---|
5.600 | 26965 | 9 |
5.610 | 9400 | 4 |
5.620 | 15379 | 3 |
5.630 | 13592 | 3 |
5.640 | 6546 | 1 |
Last trade - 12.40pm 04/12/2024 (20 minute delay) ? |
Featured News
CMM (ASX) Chart |