This was actually one of the biggest drivers of my initial entry. If FMG are interested in the surrounding areas, then that is a great positive. I remember one of LDRs interviews they mentioned that they have the largest (or close to) land holding in the area.
If they can continue to prove up a high-quality deposit, they potentially could sell to FMG at many many multiple of where the SP is today. IMO, this may be the best option. It negates all the risk associated with building a working mine, but guarantees significant shareholder returns.
I would happily take the either scenario but
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Last
10.5¢ |
Change
-0.015(12.5%) |
Mkt cap ! $11.21M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 10.0¢ | $36.65K | 345.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 85000 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 85000 | 0.100 |
1 | 10000 | 0.096 |
2 | 109500 | 0.095 |
1 | 22488 | 0.094 |
2 | 30872 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 10000 | 1 |
0.115 | 25000 | 1 |
0.120 | 160000 | 2 |
0.125 | 217608 | 2 |
0.130 | 294471 | 4 |
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