If you assume a profit of approx $400 AUD per ounce which is quite conservative, then this stock is very undervalued at the current market cap considering:
- a non-Jorc resource of 44,000
- extension drilling incl. 19m @ 10.87 g/t
- The EM survey SFR released and VTEM results pending for potential cooper/gold targets
- approx 170 Air core drilling results pending in the Hermes project
We have great geologists and a very prospective area.
I would have thought the market will make this the bottom somewhere here.
If you assume a profit of approx $400 AUD per ounce which is...
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