Couple of things might make a real difference. The company has a tiny float of free trading shares and management and some of the larger holders are very unlikely to sell.
If they start to look like they will hit their target, its worth a lot more than the current tiny market cap. Given previous work, its cheap anyway. Hard to predict share prices of course, but we dont have long to wait.
I am going to guess that if its clearly heading towards 400k - 500k oz's of decent grade, its worth at least $50m market cap or a min of twice the price. Who knows what its worth if they open this puppy up. Grade is king. dyor
Ann: Quarterly Activities Report and Appendix 5B, page-7
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Last
63.0¢ |
Change
0.020(3.28%) |
Mkt cap ! $161.9M | |||
| Open | High | Low | Value | Volume |
| 61.5¢ | 63.5¢ | 60.5¢ | $3.093M | 4.980M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 41223 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 22474 | 1 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| BC8 (ASX) Chart |
