I guess one is more surprising than the other?
________________
AKM is normally conservative in its language so, 'significantly extend ... Ore Reserves ...' is hopefully, significant. After the flack they got from the reduction in the resource estimate a couple of years ago, I hope they wouldn't have used that word without having good reason to do so.
I imagine that a significant increase in the Reserve number should improve the Bankable Feasibility Study later on (longer mine life, and/or higher pa tonnages; an even higher NPV and better economics for Northern Rail, which keeps the line until the mine runs out). It should also offer longer/better returns for potential investors, and our friends at Noble of course.
And that's still having drilled only about 20% of the Basin.
Interesting that AKM thought that the remodelling was the reason for the price increase (or wanted us to think that anyway).
GL
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Last
30.0¢ |
Change
0.005(1.69%) |
Mkt cap ! $152.2M |
Open | High | Low | Value | Volume |
30.0¢ | 30.0¢ | 29.0¢ | $10.25K | 34.75K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 139594 | 29.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.0¢ | 10931 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 137844 | 0.290 |
1 | 100000 | 0.285 |
1 | 15000 | 0.280 |
1 | 100000 | 0.270 |
1 | 10000 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 10931 | 1 |
0.305 | 10000 | 1 |
0.315 | 9986 | 1 |
0.320 | 10840 | 1 |
0.325 | 52746 | 2 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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