The Resource Rising Stars presentation was OK .
-The company reiterated the completion deadline for the PFS as June 2024.
- The annual production target is now stated as 90-100k ounces per annum.
- The focus now seems to be on developing a high grade/low cost project.
Based on company presentations post the Paddy’s Lode high grade hit, I was given the impression that more ounces would make it into their production forecast? However, 100k ounces pa at an AISC margin of $1,500 per ounce is pretty good going. If the capex remains lowish then Youanmi will be more than bankable.
As long as the company marches towards a good, on time PFS release, in mid 2024, the company valuation should be able to head towards 30% + of NPV.
The Resource Rising Stars presentation was OK .-The company...
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Last
19.0¢ |
Change
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Mkt cap ! $70.17M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.0¢ | $226.9K | 1.236M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 5 | 51803 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 19.0¢ | 309483 | 5 |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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19.0¢ |
Change
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| Open | High | Low | Volume | ||
| 18.0¢ | 19.0¢ | 18.0¢ | 518673 | ||
| Last updated 15.33pm 26/04/2024 ? | |||||
| RXL (ASX) Chart |