It seems like marketing has stepped up a notch. Another recent piece.
Minefield: Small miners with big friends
By Tim Treadgold from InvestSMART
Thu 27 September 2018 04:30 PM
Venturex (VXR:ASX)
A third example of a base metal explorer striking a deal with a bigger cash-rich partner is Venturex Resources, which is in the final stages of a feasibility study into the Sulphur Springs copper and zinc project in WA.
Like Peel, its well-heeled friend is a goldminer, Northern Star, which is interested in diversifying from its near-total reliance on gold.
Earlier this week Northern Star agreed to provide a $2 million loan so Venturex could complete the definitive Sulphur Springs mining study.
If developed the project would produce copper concentrate at the rate of 60,000 tonnes a year, plus 45,000 tonnes of zinc concentrate.
Venturex has been able in recent months to cut the capital cost of the project by $18.7 million to $65.4 million largely through a saving made on acquiring a second-hand accommodation camp.
Northern Star, which is already the major shareholder in Venturex, provided the $2 million loan at an interest rate of 8 per cent, repayable after 12-months in cash or with Northern Star taking Venturex shares in lieu.
On the market, Venturex has reclaimed a price of 18c after sinking to 16c last week.
- Forums
- ASX - By Stock
- DVP
- VXR
VXR, page-13
-
-
- There are more pages in this discussion • 2 more messages 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 DVP (ASX) to my watchlist
|
|||||
Last
$2.20 |
Change
0.050(2.33%) |
Mkt cap ! $567.7M |
Open | High | Low | Value | Volume |
$2.16 | $2.21 | $2.16 | $681.0K | 312.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 386 | $2.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.20 | 1777 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 386 | 2.190 |
1 | 3781 | 2.170 |
3 | 93848 | 2.160 |
1 | 3848 | 2.150 |
2 | 7497 | 2.140 |
Price($) | Vol. | No. |
---|---|---|
2.200 | 1777 | 3 |
2.210 | 5355 | 3 |
2.220 | 3848 | 1 |
2.230 | 3848 | 1 |
2.240 | 8727 | 3 |
Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
Featured News
DVP (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, CEO
James Graham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online