So are you arguing that any mining asset not producing cash is essentially a liability and should be attributed zero value? Because its a loss making business???
This is insane. If you are correct we could/should see a massive sell off across not only commodities but all tech stocks also. Your postulating a huge crash here and I for one am simply terrified at the repercussions of all this Barrel.
Or......Or....
Things have a value based on future earnings potential. And the larger the size and higher the grade of the asset the higher the valuation placed on said asset as it is more likely to be developed. Or more broadly speaking the world we actually live in as opposed to your hypotheticaballs.
Ghana is looking huge. IRR has very few shares on the free float, the chart wont be looking all full of gaps after the 9% gain overnight. Chart is primed according to some.
IRR is like PLS and KDR in the early days. Plus they have a ton of goodies to back current valuation. Very little downside risk and massive potential. Watch the run continue in the next couple of days.
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $14.61M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.1¢ | $21.24K | 1.780M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 189268 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 2202058 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 28219 | 0.130 |
3 | 250000 | 0.125 |
3 | 1020491 | 0.120 |
1 | 500000 | 0.115 |
3 | 99220 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 65000 | 1 |
0.140 | 393111 | 1 |
0.145 | 295471 | 3 |
0.150 | 95000 | 2 |
0.160 | 47375 | 3 |
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