Short version?
De-risking.
Management has been quietly working on the nitty gritty details: defining the resource (what do we have underneath the surface?), figuring out how the mine is going to be built (what will it cost us to start operations?), figuring out how to refine the ore (what will it cost us to operate?), looking at possible offtake customers (what revenue can we expect?), getting finance (how are we going to pay for all this?), and so forth.
It's not glitzy. It's not glamorous. But it is necessary. And as the pieces have come together, things have started to look better and better - there is still risk, but that risk, that uncertainty, is slowly diminishing.
There are decisions that were made by management that I'm still not happy about, but that's what was, not what is - and what is, right now, is a project that still holds a lot of upside potential.
I think that looking for 20-30 cents next year is premature; I think that's a target for 2-3 years out, assuming that all goes well. But the fundamentals look pretty solid at this stage to me.
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Short version? De-risking. Management has been quietly working...
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20.0¢ | 20.5¢ | 19.5¢ | $26.52K | 132.5K |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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21.0¢ | 4000 | 1 |
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4 | 195105 | 0.190 |
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3 | 125141 | 0.180 |
1 | 17000 | 0.170 |
Price($) | Vol. | No. |
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0.210 | 4000 | 1 |
0.215 | 9000 | 1 |
0.220 | 12534 | 2 |
0.230 | 103540 | 2 |
0.240 | 6875 | 1 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
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