Your typical hand to mouth explorer will drill 5,000 metres, turn up something that needs follow up but doesn't impress the market overly, see their SP drop, go for a cap raise, raise a bit of dosh to get them through the next 6 months, drill another 5,000 metres.....you get the picture.
These guys can get through the initial drilling, the follow up drilling, additional drill programmes etc all in a few months, with no need to CR.
This is why I think the stock is cheap at 15.5 cents. Because they can do in months what takes others years & its the law of averages: eventually they will turn something up: maybe a 4 - 5 million oz deposit, maybe a whole new goldfield.
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Last
$1.36 |
Change
-0.005(0.37%) |
Mkt cap ! $571.8M |
Open | High | Low | Value | Volume |
$1.37 | $1.41 | $1.35 | $2.668M | 1.921M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 30015 | $1.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.36 | 12925 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 386752 | 0.145 |
6 | 299000 | 0.140 |
8 | 191611 | 0.135 |
6 | 319853 | 0.130 |
5 | 292000 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 40000 | 2 |
0.155 | 367180 | 1 |
0.160 | 460998 | 10 |
0.165 | 353140 | 7 |
0.170 | 248919 | 2 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
CHN (ASX) Chart |