Rough number for Indium is $500 per kg. But when AW1 is producing it (along with a very substantial Cu + Zn + Ag resource) from the open pit and underground at West Desert it will become a contract price - and since it is so scarce it will be valuable.
23,800,000 oz = 23,800,000/16/2.2 Kg ~~~ $US 340 million.
My original holdings in AW1 were for West Desert (+ Copper Warrior, which was less developed) - when the resource figure was anned in early 2023 the indium was delayed ( difficult assay, they said ) and the market was not impressed - add to that 'The Company' did not do a timely CR (No Indium - No Cash) and the SP crashed.
I had done my deep DD (DDD which enhances ZZZ) so I grabbed what I could ~ 5c and .09c for oppies. -- Was shocked by the pullback in late 23 but had taken more than enough to be free carried and topped up hard at current levels.
The point I am making is that even with the 'certainty' that Storm will rerate strongly this N. summer there is also a huge project to take to production at West Desert.
For my part I am intent on taking most of my holdings through to development and mining - and I look upon very few of my stocks that way.
Cheers all, do your DD too - and dont take my chatter as advice.
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- Ann: 23.8 Million Ounces of Indium Defined at West Desert
Ann: 23.8 Million Ounces of Indium Defined at West Desert, page-71
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Last
14.5¢ |
Change
0.015(11.5%) |
Mkt cap ! $75.06M |
Open | High | Low | Value | Volume |
13.5¢ | 14.5¢ | 13.0¢ | $320.2K | 2.295M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 445220 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 330173 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 145220 | 0.140 |
1 | 100000 | 0.130 |
3 | 210000 | 0.125 |
9 | 379192 | 0.120 |
5 | 384195 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 330173 | 4 |
0.150 | 365531 | 10 |
0.155 | 439211 | 6 |
0.160 | 414000 | 5 |
0.165 | 347193 | 2 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
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