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0.16%

$6.43 capricorn metals ltd

Keep an eye on AOP. Pretty reasonable comparative value in that...

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eshmun

11,185 Posts.

2609

10/02/18

12:23

Post #: 30965569
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Originally posted by Barolobill ↑

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.

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Keep an eye on AOP. Pretty reasonable comparative value in that story as well. Esh

CMM Price at posting: 7.9¢ Sentiment: None Disclosure: Not Held
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(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)

CMM (ASX) Chart