If we're talking explorers & near term producers then the long term forecasted price is more important as it becomes a critical input variable to the PFS/DFS/FID along with the discount rate (I really wish FFS they would stop using an unrealistic 8%..use 10% as a min). Off-takes I assume will have a mix of base-rate and market price - but the blended price should approximate the FS assumptions. Right now we could reasonably expect any coy to use something around USD$80-$85/lb for their FS. It's frustrating to see an undervalued company being sold off as part of the sector pullback...but that's the game. We know this is a fabulous asset/project and in a great jurisdiction surrounded by the big boys (so no country risk). Stay the course and if you can ... obviously buy the dip!
GLTAH
EL8 CHART, page-581
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Last
38.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $118.7M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.5¢ | 36.5¢ | $212.0K | 564.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1252 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 30000 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| EL8 (ASX) Chart |