It should not take much for this one to move up 30% to cash backing and keep going from there.
I liked that they paid $2M to buy back 2% of the 3% net smelter royaly. They must be confident of the Cameron gold mine going ahead to pay this money. They picked up this mine from cyy. High grades, grid power, easy access, pro mining jurisdiction, Gold up in CAD and these guys have the cash and know how to get a mining project up and running- they did it in Eritrea.
It should not take much for this one to move up 30% to cash...
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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 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |
