I will add this here where it belongs.
We are seeing a trend with these broker reports now. The figures they are coming out with are all fairly similar. Hartleys say 13mt is conservative and a taste of what's to come, when including Veovaca at average 14% ZnEq.
The last one from Tamesis partners who does a site visit says there is scope for ~10mt resource based on currently completed drilling as of a couple months ago, excluding Veovaca, with a 13% ZnEq average.
I think I'm not talking out of turn when I say if we are including Veovaca we are looking at a minimum 10MT resource which if we are lucky will grow as drilling progresses over 2019. That gives almost 30% of downside leeway in the above two broker report models, I would hope they wouldn't be out any more than that.
From the MJG capital report we can look at some valuations to peers which I recommend people take another read of to see the value a high grade 10mt resource should place us in relation to the prices of peers.
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Last
$4.07 |
Change
-0.150(3.55%) |
Mkt cap ! $918.1M |
Open | High | Low | Value | Volume |
$4.20 | $4.23 | $4.07 | $1.360M | 328.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 124 | $4.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.08 | 4481 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1197 | 0.835 |
1 | 5000 | 0.815 |
3 | 9950 | 0.810 |
2 | 21000 | 0.805 |
6 | 46713 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.840 | 40000 | 1 |
0.850 | 14746 | 1 |
0.860 | 9795 | 2 |
0.875 | 9168 | 2 |
0.880 | 17293 | 2 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
ADT (ASX) Chart |