Allday,
Agree with the general comments of Chuk and Petey about your question. Insto's won't be buying ABU at the moment as there is still not a clear path forward to gold revenue, with some significant hurdles to cross...however I expect they are watching.
As I have stated before, my opinion is that ABU should be fully focussed on OP production and not significantly on other targets.
I see a two stage re-rating process, based on the major items below - some from your list Allday, some I've added.
A MINING PERMIT
AN INCREASE IN THE RESOURCE
BUILDING A RESERVE
A TIME LINE TO PRODUCTION
A LIFE OF MINE PLAN >5 YEARS
ABU POURING THE FIRST BAR OF GOLD
----------------------
ABU POURING >100KOZ PA
MARKET CAP TO INCREASE
ASX300/ASX200 ENTRY
I still see a higher degree of risk than Chuk does, mostly to do with timing of path critical items. ie. I agree a mining lease is fairly low risk, however what about the timing to get it? (2 months, 6 months, 1 year, 2 years).
I personally think August will be a good month for ABU. I expect strong interest around Diggers & Dealers (6-8 August). This started last year's run.
Being an explorer, ABU needs a constant stream of new announcements to get it moving.
In regards to FML, they are a high cost low margin producer, so any gold price drop is costly to them. They have had a great run off the back of their recent Resources & Energy Symposium presentation, based on a very decent production profile (175koz+) and commitment to cost reduction. Purely gold price related after a good run.
- Forums
- ASX - By Stock
- PRX
- leverage through exploration and pog
leverage through exploration and pog, page-144
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PRX (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.235M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $4.9K | 2.45M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 74323422 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 324333 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 74323422 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 324333 | 1 |
0.003 | 26337389 | 25 |
0.004 | 6180859 | 8 |
0.005 | 889000 | 1 |
0.006 | 166666 | 1 |
Last trade - 15.11pm 10/09/2024 (20 minute delay) ? |
Featured News
PRX (ASX) Chart |