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Richy ~ £200m minimum but will take some proving up...
Thanks Shelly but that’s not what I was asking. I was asking specifically about IOCG potential. If they prove up 1m oz not including any IOCG’s in ground value will be anywhere between £20m - £40m (or 10p - 20p) but there will be considerable dilution.
What I was wondering is if there’s a hint of an IOCG potential market cap?
@RichyRich1
Well given that the total estimation for The Wudinna Project (Baggy Green, Green Tank and Barns) is 211,000 Gold Oz... and the price of Gold per Oz today is around £1456 ish...you just need to do the maths to see the potential Market Cap here long term. In the near term with positive drilling results I can see this doubling at least! Zak’s first target is 6.75 ish from what I can see!
*This is not advice, please do your own research and good luck!
I know this question is very very speculative but would anyone like to hazard a guess at potential market cap if an IOCG deposit was hinted at with early drilling?
Completely agree guys, buy and hold for gold.
We are just in a consolidation period at the moment, bit of profit taking, then the next leg up. News should be just round the corner and I'm expecting it to be very good news.
GLA
Trek- keep'em until next year- very likelyto become a millionaire. After the company has earned in 50% and then the next 25% real news on Iocg's will begin to filter out. Thats my thinking anyway.
Ha me too just another 100k though at a tad under 3.1.
Given the run of NT’s here I think there is a seller now. Bit of profit taking I suspect but a great opportunity for others!
Trek, £1 = a millionaire now!!
See, I was right and they did similar yesterday, not quite as severe ....picking up stock each time it would appear.
"Bet it bounces a bit soon"
There were a couple of bigish sells so i thought it would be straight forward to pick some up. But i assume that they were being snapped up quickly
Well 3.15p buy just gone through.
Have the MM got enough i wonder. Whilst i could have made quite a bit by trading this over the last year or so, i have never been tempted. This is a stock that you find yourself locked out of, whilst watching it drift away.
Yes sorry my mistake, yes it is on the Main Market. It just behaves like it is on AIM.
Managed to get another £7k worth @ 3.09
Bet it bounces a bit soon
This is on main market though not Aim
Just bought in using HL.
I could not buy 5k worth of shares. managed to £2k @2.99 then another £1k trade 3
AIM is a it of a mess today, so my view is that it is a combination of this, warrant holders selling a few (we all know none of them are investors, just looking to make a quick buck) and newbies being shaken out. Nothing more IMHO.
Results will be good. Lets also not forget we have 2 other drill programmes after this one. First 1 should start in the next couple of weeks.
that's good then - just wondered why the big drop - i was in a very nice profit here a couple of days ago
They have only just raised £1.5m through a convertible loan note a couple of months ago. Money is being generated through warrants and Craig stated in a recent interview no more funds required until the back end of next year at the earliest.
So no, there is no imminent placing
If ever you wondered about the MMs bing in charge....this shows it. Anyway, back to work.
Might have another large Buy like the other day to fill,
Spiked to fulfil the big buy. Dropping off on lower buying volume. Nothing more IMO.
Should eventually rise big time. Grades permitting.
When this type of share goes it goes quick. Just look at OMI recentley. 5 bagged over 14 days.
Pre News Shake imho, drill results due any day now
could it be a placing on the cards ? there was one back in May for £640k so i dont know how long that will last ?