The cheapest Pilbara conglomerate gold play on the ASX....a mere $8m market cap.... hence the price action... markets are efficient so no surprise here... other companies have a $50m market cap in this space... We already have gold on our ground so we're steps ahead of many other companies in the Pilbara.
We don't have the Fortescue Group but we do have conglomerates. Novo have the concept on gold in conglomerates from the Fortescue Group, but have not confirmed an economic intersection. So there is no reason why the concept is CORRECT but actually our package of conglomerate rocks hold the gold - wouldn't that be grand!!!
Remember the tier one target of these orebodies is 100m ounces Au -(as per other pilbara conglomerate gold company ASX Announcements) - so that's an inground metal value of AUD$160billion
The big positive also is the cash position of the company.... it's quickly gone from a company not doing too much to something with direction and activity... well done to all involved!!
Onwards and upwards with this one....!!
DYOR
The cheapest Pilbara conglomerate gold play on the ASX....a mere...
-
- There are more pages in this discussion • 69 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 SPX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $47.56M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $16.23K | 1.538M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 10253909 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 2705842 | 9 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| SPX (ASX) Chart |
