Assume a 250mT resource...250 year mine life at 1mT per annum
And a project that falls under lowest cost quartile in the industry
How can K+S, FMG, etc look past that?
Also the AUD is lower making the company more attractive.
That said I'm not necessarily expecting a significant re-rate should a decent resource materialise.
I'm hoping and not expecting, but then again that is me speaking as a long term holder that has waited for a catalyst that would lead to something bigger with this stock.
But if this is a takeover target, which i think it is, then the share price will re-rate accordingly. I just can't put a time around it.
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Open | High | Low | Value | Volume |
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1 | 50000 | 0.038 |
1 | 85300 | 0.037 |
1 | 100000 | 0.029 |
2 | 98400 | 0.020 |
Price($) | Vol. | No. |
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0.044 | 5000 | 1 |
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