A final Investment decision(FID) will be made on completion of financing which I believe will be linked to Government assistance in the form of
low interest loans or even grants as copper has been designated a strategic mineral.
To get financing you must eliminate any resource risk and that has been the purpose of the recent drilling campaigns.
I believe financing is close and construction will start this year.
They have already cleared the way with the environmental approvals and the recent drilling results have confirmed the expansion potential.
It will be interesting what they say in the Qtly report due in the next few days.
Ann: Company Update, page-33
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $59.56M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $28.72K | 273.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 325155 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 87934 | 2 |
View Market Depth
| Last trade - 11.40am 10/06/2024 (20 minute delay) ? |
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Last
11.0¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 10.5¢ | 11.0¢ | 10.5¢ | 59755 | ||
| Last updated 14.31pm 10/06/2024 ? | |||||
| KGL (ASX) Chart |