Let's put it this way (and ignoring the options for the moment).
Issued capital is ~ 88.5m shares
88.5m x 0.40 = AUD35m (=USD 23.2m)
At last report, the gold resources at Bundarra were ~ 320k oz.
23.2m / 320000 = $72/oz
Obviously if additional resources were found (a target of 500k oz + has been mentioned in the past), the 'valuation' falls to:
23.2m / 500000 = USD46/oz
That is not an unreasobable 'valuation' for an emerging gold PRODUCER but TMX for the moment remains pretty much unknown, unheralded etc and not seen as a real short to medium chance at producing gold and that is what the market wants and where Keith Wellls must drive the company to - in short order!
Go Keith. Show us all - please!
Let's put it this way (and ignoring the options for the...
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0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.298M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 4034862 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 23390292 | 13 |
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