M5 underground is surely going to go ahead with these results and add quite a few ounces for future mining. Going to be more capex but looks like it will be worth it. Not sure if this is factored into the SP at the moment.
The coup in Niger recently has probably kept this at a significant discount. If the coups in WA can stop for a while then hopefully this gets re-rated to something closer to World average for this type of operation. Will probably always be a bit of a WA discount, but this looks way under what it should be just on ounces in the ground. Never mind it's actually operating.
M5 underground is surely going to go ahead with these results...
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$2.30 |
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Mkt cap ! $2.610B | |||
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