"Completed drilling demonstrates widespread and shallow mineralisation of
phosphate with numerous intercepts >20% P2O5%"
Could be a simple open pit type operation.
Cant say i understand phosphate too well but 20% results seem very good.
Add to this flouraspa, REE, phosphate and just as expected, these type of volcanic cones are just a massive wealth of commodities.... Shenghe must be licking their lips seeing us at 61m a month out from what was meant to be a turn-key financing agreement.
On top of that,. REE still profitable
what gives mr market? Answer = cheap takeover compliments of the order book being locked into a select few... Traditionally the opposite should happen but once again, we take the risks.. ASX facilitates a manipulation down and what will FIRB do? this is the issue that Shenghe and anyone colluding to buy this cheap hasnt taken into consideration....
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17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $46.62M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 17.5¢ | $11.87K | 65.99K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 585404 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 13596 | 2 |
View Market Depth
No. | Vol. | Price($) |
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7 | 585404 | 0.175 |
4 | 373893 | 0.170 |
5 | 288886 | 0.165 |
5 | 243837 | 0.160 |
1 | 88888 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 13596 | 2 |
0.195 | 120146 | 4 |
0.200 | 5500 | 1 |
0.210 | 66000 | 2 |
0.215 | 10000 | 1 |
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