“Unless you’re mining there’s no guarantee that the actual projects being explored will ever get to be mined.”. There’s been some very exciting results, the re-assays have been quite positive (in particular with the addition of Rhodium results which further adds to the potential profitability) and a good spread of mineralisation with a number of minerals that spreads risk in case a number of commodities vary in price. As exploration goes on, it may even be possible that they find zones where other critical minerals can add to further credits. I guess it’s early days...
”I’d be asking if they can strongly reconsider any sale below market rate plus full value of assets.” - Market value is the estimated monetary worth of an asset on the open market at a particular time. The amount that an asset is worth takes into consideration various elements; strip ratios, grade, depth, dip, continuous/discontinuous strike, potential for new zones of mineralisation, goodwill, plant and equipment, I’m certainly hopeful that the price achieved yields a positive outcome for everyone.
Having exploration funding and exciting projects, there is considerable forward funding to plan out future projects.
KRM Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held
