From Argonaut mid last year. They were already modelling Luni to be 14Mt @ 2.5% (without input from P2). Annual profit $257m but that was modelled based on the price of around $40US/kg if my understanding is correct. Pete Rex’s recent update showed a price of $57 US/kg. MRE for the high grade portion will be multiple times higher IMO now that significantly more drilling and expansion had been completed.
I think a new broker’s report is long overdue!
Ann: West Arunta Project - Luni Assay Results, page-176
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Last
$13.75 |
Change
-0.780(5.37%) |
Mkt cap ! $891.9M | |||
| Open | High | Low | Value | Volume |
| $14.50 | $14.52 | $13.32 | $4.396M | 319.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4941 | $13.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.79 | 1545 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |