It won't be black and white. Success equals 5 times upside or nothing on failure.
How do you define success?
I expect it will most likely be a very profitable mine with the amount of upside in sp being a variable that will depend on how grades reconcile (8-9g/t we can still expect upside but not as much; around 10-12g/t will be very good news; better than 12g/t will be excellent news with more sp upside).
15g/t head grades across OP and we might expect better than a 5 bagger.
Same will apply to recoveries achieved (85-88% will be good, 90% plus and I see no need for CIL even later on, 92% plus will be excellent news) mining dilution, cash costs achieved etc. Obviously the amount of sp upside will also depend heavily on the POG in the next year and beyond. Further exploration success and therefore anticipated mine life will also play a large part.
It won't be as simple as success equals 5 times upside.
- Forums
- ASX - By Stock
- PRX
- abc news
abc news, page-25
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PRX (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $7.937M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $12 | 4.977K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
35 | 57502376 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 90422749 | 47 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
35 | 57502376 | 0.002 |
62 | 150985937 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 90422749 | 47 |
0.004 | 17407006 | 16 |
0.005 | 2992123 | 5 |
0.006 | 3100002 | 4 |
0.007 | 1717000 | 3 |
Last trade - 15.59pm 13/11/2024 (20 minute delay) ? |
Featured News
PRX (ASX) Chart |