The awesome thing is that Trafi would have run the ruler on Woodlawn and done some considerable and extensive DD before granting funding and the terms.
It appears Trafi as you call them are as positive in the deposit as Bill and the rest of the DVP team is based on the funding terms.
I think the market is underestimating this asset and makes me think that the well respected metallurgist comments on "money and mines" stating it is currently underrated some time ago was bang on.
Insto's have a bit of time to digest the news now and it would not surprise me some positioning on the register will occur prior to potential sale of minority interest.
DVP is de-risked, soon to be cashed up even more. Bill may even try to pick up another asset?
Bill has kept his word, no CR which effectively is no free lunch for brokers.
I wonder if Bill has thought about adding a tin deposit to the mix. ELT is a stock I own which will release a DFS some time this year with a deposit in Spain that will require a low capex to get going.
DVP should run the ruler on ELT.
Imagine Copper, Zinc and TIN (Dyor)
Ann: Woodlawn Funding and Valuation Update, page-48
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Last
$2.25 |
Change
-0.030(1.32%) |
Mkt cap ! $580.6M | |||
| Open | High | Low | Value | Volume |
| $2.23 | $2.29 | $2.20 | $2.115M | 939.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3593 | $2.24 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.26 | 10000 | 1 |
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| DVP (ASX) Chart |