The stars are lining up for a potential re-rate over the next few months.
The first potential catalyst is a DSO MRE at export grade, around 62%.
The second potential catalyst is publishing the scoping study which should show that operating costs are well under export pricing, margins are high and capital costs are modest.
A third potential catalyst would be obtaining a letter of support from an offtaker.
A fourth potential catalyst would be renewal of the tenements and possibly an application to upgrade the Bekisopa permit to allow mining.
A fifth potential catalyst would be talks with the port to sign an MOU for a ship loading conveyor and stockpile area location.
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Open | High | Low | Value | Volume |
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2 | 94503 | 0.135 |
1 | 6300 | 0.130 |
1 | 32228 | 0.125 |
1 | 33635 | 0.120 |
Price($) | Vol. | No. |
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0.145 | 38328 | 2 |
0.150 | 172992 | 2 |
0.155 | 22284 | 1 |
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