The market at the moment is not interested in any juniors or even top 50 companies.
However this leaves opportunities for those that can see past the current climate and the higher value of a company like SRN in a few months when things turn around.
Once they lock up the 253mt at .044% of Vanadium next door then they can get to the PFS which will show the lower costs to produce than most people think due to the easy metallurgy tests so far that show V2O5 grades up to 1.46% can be achieved.
Also the Kooline story has a lot of upside potential and if you read this announcement properly they are hinting that the Lead- Silver although was the main focus in the past they believe that the copper and gold elements of the area have not been explored properly.
"Copper appears to have been treated as a by-product andGold despite an historic intercept of 1m @ 3.87g/t (AK09RC04 at 25m) at the Bilrose working andminor artisanal gold workings in the area, has not been the focus of a coherent explorationprogramme."
So for a $5mill Mcap I think the upside is huge for those that want to fill their Xmas stockings with extremely under valued shares.
The market at the moment is not interested in any juniors or...
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Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $11.91M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $4.68K | 1.56M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 32702110 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 16251790 | 15 |
View Market Depth
| Last trade - 10.50am 22/11/2024 (20 minute delay) ? |
| SRN (ASX) Chart |
