I really think its a major positive that management are already saying they intent to go into production. No one gets this better than they do.
These guys know how to do that. Many want to get into production but don't have the skill set, assets or access to backers to make that happen. It will be a lot easier to develop for all the reasons they stated above. They think it has the potential to host a significantly resource over time. They are still putting the bricks together here but its clearly getting some momentum towards 2019. I think they have done an amazing job in a very short period of time and well under budget. 24km's of drilling and everything else for about $3m is outstanding. They have plenty of money to build the resource and build the case to mine. About 30% of the current market cap is in cash.
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I really think its a major positive that management are already...
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Last
72.0¢ |
Change
0.035(5.11%) |
Mkt cap ! $161.9M |
Open | High | Low | Value | Volume |
70.0¢ | 73.5¢ | 69.0¢ | $2.681M | 3.741M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 97386 | 71.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
72.0¢ | 24175 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 - 12.38pm 27/11/2024 (20 minute delay) ? |
BC8 (ASX) Chart |