AUDUSD broke through 0.7. Staying below 0.7 improves the economics of the project significantly as the FS was done with 0.8. Given that the Australian housing market is in a slow motion crash and the US dollar is gaining strength I don't expect us to get back to 0.8 any time soon. I see it moving down to 0.6 sooner than later.
https://www.tradingview.com/symbols/AUDUSD/
https://www.asx.com.au/asxpdf/20180912/pdf/43y7x5gf6pkc3r.pdf
Environmental checks are not over. Magnesium market remains tight.
https://www.indmin.com/Article/3871724/Magnesia-LatestNews/Henan-industries-under-further-environmental-checks.html
News: KOR Korab Resources Says To Raise Funds Via Placement Of About 2.3 Mln Shares At 3.5 Cents..., page-79
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| KOR (ASX) Chart |
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