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
12.3¢ |
Change
-0.003(2.00%) |
Mkt cap ! $62.12M |
Open | High | Low | Value | Volume |
12.0¢ | 12.5¢ | 12.0¢ | $68.25K | 558.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 661383 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 336949 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 661383 | 0.120 |
9 | 679656 | 0.115 |
11 | 834954 | 0.110 |
4 | 478648 | 0.105 |
7 | 727200 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 336949 | 8 |
0.130 | 488795 | 8 |
0.135 | 975836 | 8 |
0.140 | 819923 | 5 |
0.145 | 70849 | 1 |
Last trade - 13.53pm 03/07/2024 (20 minute delay) ? |
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TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
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