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3.27 minimum SP if 55Mt even in todays depressed pricing.not...

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Ninja Tuna

2,844 Posts.

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29/11/23

10:31

Post #: 71163000
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Originally posted by dtab: ↑

Canaccord are now at 55mt @ 1.2% for their model. (These guys don't employ amateur modelers.)

So I'd suggest 55mt is the bare minimum for a MRE released in the short-term. I assume more assays will be included so ~60mt is my guess.

...IF that's what management have decided. I can't imagine Canaccord would've speculated about this in their latest update without some inside baseball. Also I understand a number of significant shareholders have been urging this.

Given changing market conditions / China pricing (Goldman Sachs and CCP friends as always) then it doesn't seem far-fetched that mgmt have prudently changed their MRE strategy. IF they have I expect they'll try to drop it asap, and upgrade in Feb 2024 with (my estimate) 20-25km more assays (say 55km total).

Unlike some of the (frankly insane) people who flood this forum with their poorly-considered opinions, I do think a 55-60mt MRE will have a significant effect on SP.

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3.27 minimum SP if 55Mt even in todays depressed pricing.

not advice

WR1 Price at posting: $1.08 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.29		Change -0.015(1.15%)		Mkt cap ! $245.1M

Open	High	Low	Value	Volume
$1.33	$1.35	$1.27	$636.0K	489.0K

Buyers (Bids)

No.	Vol.	Price($)
2	1970	$1.29

Sellers (Offers)

Price($)	Vol.	No.
$1.33	9000	1

View Market Depth

No.	Vol.	Price($)
1	1882	1.285
1	3906	1.280
1	7500	1.275
1	4000	1.270
1	6400	1.260

Price($)	Vol.	No.
1.325	9000	1
1.340	2445	1
1.345	9590	1
1.350	1397	1
1.360	24000	1

Last trade - 16.10pm 03/05/2024 (20 minute delay)


Last $1.28			Change -0.015 ( 2.71 %)
Open	High		Low	Volume
$1.35	$1.35		$1.27	129488
Last updated 15.57pm 03/05/2024 ?

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