Ok ill bite.
Makes perfect sense to conserve cash while the underlying commodity prices are low - they announced that to the market end of last year so why would they need a met if they were not progressing with the BFS immediately? Does it make sense to keep her on the books and pay her to twiddle her thumbs while waiting for the commodity prices to rise and JV discussions to progress?
The deposit isn’t going anywhere. Developers are in a much better negotiating position with large corporates when prices are higher. Seen that plenty of times. BOD has been pretty clear - they want the strategic partner to fund the construction etc as part of the offtake/JV sale deal.
Why spend money to progress to BFS stage where different JV partners could have different requirements? Re plant sizing, whether they only want to produce a MSP or go to Ni/co sulfate?
What orebody of SGQ are you referring to specifically? Can you show the map you refer to showing the orebody ‘petering out’ as you claim?
What ‘inferred only’ gold deposit of 0.2g/t Au are you claiming that ARL is saying is viable?
Happy to continue this discussion on another thread as this is the chart thread.
ARL chart, page-1668
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Last
39.5¢ |
Change
-0.005(1.25%) |
Mkt cap ! $78.87M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.0¢ | 39.0¢ | $39.32K | 99.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 99300 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 1048 | 1 |
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| Last trade - 15.58pm 11/11/2024 (20 minute delay) ? |
| ARL (ASX) Chart |