Hi mmoore, as I mentioned previously and what eagle have just pointed out. Funding wouldn't a significant problem as there are a few options out there,institutional investor participating, retail cr, possible JV, I believe they need 6m for the DFS. One of the other option is if Kirkland decides to claw back 30% they require to fork out around 15m.
I am sure they will already be considering whether to implement a culmination of these options to provide a favourable progression.
They have been up to date and fairly on point with valuations, resources size etc.
I believe Kamara group had similar valuations about the project with around 10% variation end of last year. 35m MC correct me if I'm wrong.
Considering some zinc plays out there that have no proven resource just smokes imo like ICG with a current 18m MC, twice of ours. It just goes to show the sentiment is highly skewed. We have a long way to go in terms of the MC imo. 3+c very soon for PNX.
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Hi mmoore, as I mentioned previously and what eagle have just...
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $21.52M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.4¢ | $8.45K | 2.100M |
Buyers (Bids)
No. | Vol. | Price($) |
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10 | 10203752 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.5¢ | 4486205 | 6 |
View Market Depth
No. | Vol. | Price($) |
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10 | 10203752 | 0.004 |
23 | 33695553 | 0.003 |
20 | 55338265 | 0.002 |
17 | 155189879 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.005 | 4486205 | 6 |
0.006 | 7140899 | 13 |
0.007 | 28697805 | 16 |
0.008 | 1476857 | 5 |
0.009 | 1793197 | 7 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
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Last updated 10.14am 29/03/2024 ? |
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