"Subject to investments for debottlenecking and extending the existing rail - 20 Mta of additional haulage capacity should be achievable"
I think 100Mtpa is overly optimistic and any price targets should be based on a 20Mtpa valuation.
It could still be very good, but the valuation will be significantly lower than 100Mtpa.
I also think drilling and delivering a PFS before the end of the year is optimistic, especially considering the complex workflow and scope of the project.
However, with Vale on board, I guess anything is possible.
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Last
7.4¢ |
Change
-0.002(2.63%) |
Mkt cap ! $81.51M | |||
| Open | High | Low | Value | Volume |
| 7.6¢ | 7.6¢ | 7.3¢ | $186.3K | 2.507M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 189536 | 7.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.5¢ | 116670 | 3 |
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| Last trade - 12.32pm 07/08/2025 (20 minute delay) ? |
| CLE (ASX) Chart |