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Cash: 4 mill Market cap: 6.5 mill Share price: 2.8c Shares on...

  1. 2,185 Posts.
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    Cash: 4 mill
    Market cap: 6.5 mill
    Share price: 2.8c
    Shares on issue: 260 Mill
    Options on issue: 230 million

    Drill hit of 4meteres ar 395 GPT gold, a 3000 meter follow up drill program is commencing.

    Interestingly the 395 gpt hit was towards the end of a hole and on an angle, should they reproduce this number or hit a similar figure over 10 meters or more a .market cap of 50 million would occur almost instantly in my opinions in, that would be a share price 24c or 10c fully diluted if all options where excersised.
    This is an easy 4 bagger in my opinions in, basically trading at cash backing currently.
    A drill hit of 395 grams per tonne over 10 meters would be one of the highest grade discoveries in Australian history
    The neighbors include NST, TBR, IRC
    Last edited by Goldbull22: 03/11/18
 
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