Pardon my rude interruption. Zinc is well on its path to $3000 again. This is the level when people start to pay attention and BUY unloved zinc miners.
S32 was crucified by "Analysts" when they used a long term price of 3200 for zinc for a project that comes onto production in 2027. 3 years from now. That assumption is not looking too shabby now.
If Zinc can sustain around 2800-3000 for few months (if not higher) - Sulphur Spring will be a an absolute cracker. Trafigura would surely want in and they have shown that they are willing to put their hands in pocket to secure a juicy offtake.
Here is my Wishlist!
- Sell down 20% of WL for $100m-120m (XX% Risked NPV) - ~6months
- Take FID on WL - Sep/Oct 24
- Deploy our 'A' team to construct and commission WL - Construction complete by Jun25 and 6 months ramp up.
- Sell down 20% WL by end of this year - $120m?
- Accelerate development of Sulphur Spring with the additional funds. Shovel ready by Dec25?
- Lock in Naif/EFA funding for a portion of SS with another $100m loan from Trafigura
- Sell down 20% of SS once its fully derisked - $200m?
- Make another solid copper acquisition and aim for a total cu eq production of 100 ktpa across the 3 assets.
- We will be a $2B market cap company once WL, SS are going full steam.
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Last
$2.11 |
Change
0.020(0.96%) |
Mkt cap ! $544.4M |
Open | High | Low | Value | Volume |
$2.09 | $2.11 | $2.04 | $462.0K | 222.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4666 | $2.08 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.11 | 4581 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 2.070 |
1 | 25000 | 2.050 |
1 | 8000 | 2.030 |
1 | 495 | 2.020 |
1 | 850 | 2.010 |
Price($) | Vol. | No. |
---|---|---|
2.140 | 1953 | 1 |
2.150 | 5070 | 2 |
2.160 | 22672 | 2 |
2.170 | 251 | 1 |
2.180 | 380 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
DVP (ASX) Chart |
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David DeTata, Managing Director
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