DDrilling is due now and should be a very interesting time for this micro cap.
The cat could find anything in these holes. They will really crank things up after that as they have plenty of cash still on hand. They obviously got a lot of bang for their buck with this entire program and came in under budget. I recently read that 70% of gold is now found my explorers and not the big boys. The big boys then obviously buy the discovery companies. That is a big change from 10 years ago and why we see mergers more these days. Gold is the last thing to run imo and the gold equities have been lagging the physical price for a long time. This sector is cheap in many ways and that is definitely the case for explorers.
This is Kitco site overnight
A rising U.S. deficit, coupled with increased printing of money, should be tailwinds for gold, said Ken Hoffman, senior expert at McKinsey Basic Materials Practice.
“When the U.S. is just going to print money endlessly and have deficits endlessly, gold price really likes that,” Hoffman told Kitco News on the sidelines of the Denver Gold Forum.
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Last
73.0¢ |
Change
0.045(6.57%) |
Mkt cap ! $161.9M |
Open | High | Low | Value | Volume |
70.0¢ | 73.5¢ | 69.0¢ | $2.353M | 3.287M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 44463 | 73.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
73.5¢ | 41256 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 37469 | 0.385 |
1 | 14849 | 0.380 |
2 | 58500 | 0.375 |
3 | 107783 | 0.370 |
4 | 186557 | 0.365 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 108730 | 2 |
0.395 | 178353 | 4 |
0.400 | 608864 | 10 |
0.410 | 210000 | 2 |
0.415 | 20000 | 1 |
Last trade - 12.16pm 27/11/2024 (20 minute delay) ? |
BC8 (ASX) Chart |