Disappointing that drilling results do not appear congruent with initial geology modelling. If indeed so after some more analysis and formal drill results, then worst case scenario is that they have smoked $200-300k. But with cash of around $3m, that's not significant.
It still leaves them with cash around $2,6-2,7m and an EV of just $1.3m!!! That's ridiculously cheap for any shell. Now add that it's a Cicero shell. Well structured. And at present prices even MW himself is underwater, then you have a very compelling case to buy in my opinion.
Disappointing that drilling results do not appear congruent with...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BLZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.7¢ |
Change
0.002(40.0%) |
Mkt cap ! $3.142M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.7¢ | 0.5¢ | $14.17K | 2.299M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000000 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 1628565 | 4 |
View Market Depth
| Last trade - 12.57pm 02/12/2024 (20 minute delay) ? |
| BLZ (ASX) Chart |
