Depth | Depth By Price |
| Bid | | Orders | Volume | Price | | 2 | 40,000 | 0.045 | | 5 | 205,000 | 0.04 | | 3 | 296,000 | 0.035 | | 2 | 110,000 | 0.03 | | 2 | 450,000 | 0.02 | | | Ask | | Price | Volume | Orders | | 0.055 | 10,000 | 1 | | 0.06 | 194,500 | 3 | | 0.07 | 50,000 | 1 | | 0.10 | 18,000 | 2 | | 0.22 | 30,000 | 1 | |
Well that was a nice close! One can never be sure about those values that Frank Holmes was talking about, but its my opinion this stock is worth more than $15M market cap. Potentially, Soho (Mr. Zhang) could sell off the Mexican asset, with all the drilling and the new 43 101 could be worth $10M in a cash/stock deal in this market.
We must keep in mind they have spent $20,000,000 on the project with drilling and exploration. But in these market conditions I doubt they could ever recover dollar for dollar. Mr. Zhang more than likely is sitting on his own project somewhere and more than likely in coal to vend in after a roll back, but that is pure speculation on my part. But lets see what happens could actually get exciting and may just be a good entry point and/or
a good place to average down. Risk/Reward Wonder if Mr. Zhang will be in Toronto, be nice to get his views on the going forward plan, the existing management wont have much credibility on Bay street since they gave the company away for $1m. What a difference a year makes!