HAS is a good project, but most AU RE projects are basically feedstock for the next stage of refining,
Just remember in about 2 or so years when HAS actually kicks into production, they aren't going to be alone. Over the next year, many of the small number of AU RE projects will have offtakes and studies and so on and so forth. Many will be coming "online" in broadly similar window. NTU is making some stuff now and its SP is struggling. ILU is a whole different thing.
Prices for AU RE companies have been VERY flat of late, RE sentiment is very neutral at the moment and this is all likely to continue for a while, excluding outlier scenarios or occurences.
Anyone holding out for a $1 SP in 8 months, based solely on a current resource of 27.42Mt @ 0.97% TREO, likely shouldn't be.
HAS Price at posting:
16.5¢ Sentiment: None Disclosure: Not Held
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