@Boardman, 0.5g/t is just too low.
But the main problem here is the fact that AAJ need to do so much more drilling and this costs vast amounts of cash, so a CR is coming and at this price it won't be pretty.
The market is marking AAJ shares down as sellers are exiting. If you think they are wrong and you are right, then I would take a look at producing Gold projects in WA, then look at Slate Dam.You will then understand why the mass exodus is occurring.
I'm no geologist, but I can see that drilling to date has produced very low grades.so can the sellers in my humble opinion.
drifta
Ann: Drilling Continues to Expand System at Slate Dam, page-45
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Last
1.3¢ |
Change
-0.002(13.3%) |
Mkt cap ! $3.997M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $14.26K | 1.041M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 391000 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 300000 | 1 |
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| Last trade - 15.43pm 15/11/2024 (20 minute delay) ? |
| AAJ (ASX) Chart |
