The met work is positive, but can it be better? To Big Poppa's point above, this is (caps mine): "The FIRST pilot scale test in a SERIES..." Maybe we'll see a batch of his suggested method, Albion.
We also have hard confirmation that Brolga "is likely to provide FIRST PRODUCTION." Obviously this is logically sequential, but...
With my Spec Hat firmly screwed on could it also be -- intentionally, or not -- the first step to finding financing for a mega mine? Either an outright sale (bad), or a 50/50 JV with a HUGE cash component.
With 3.7 Qs of cash starting this Q with a cr, imminent or not, may be in the works. I don't think DEG will have any difficulty raising whatever broker underwritten amount. That cr price will be determined by the PoG, a sp ascendance based on assays, and big unknown platers moving, capping or accelerating the sp.
OV
***
*****
PS The timeline for any of this, including GOR's chomping/accumulation of shares, can easily take over a year... New Initial Substantial Holders announcements may well become "must read," material.
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Ann: Hemi pilot testwork confirms high recoveries at Brolga, page-8
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Last
$1.01 |
Change
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Mkt cap ! $2.420B |
Open | High | Low | Value | Volume |
$1.01 | $1.01 | 98.5¢ | $9.028M | 9.021M |
Buyers (Bids)
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1 | 2000 | $1.01 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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15 | 236646 | 1.000 |
6 | 77805 | 0.995 |
9 | 49351 | 0.990 |
10 | 63277 | 0.985 |
22 | 248129 | 0.980 |
Price($) | Vol. | No. |
---|---|---|
1.010 | 199064 | 1 |
1.015 | 13344 | 1 |
1.020 | 13344 | 1 |
1.025 | 21457 | 2 |
1.030 | 43344 | 2 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Change
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Open | High | Low | Volume | ||
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Last updated 15.59pm 14/06/2024 ? |
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