Since Torrens drilling won't start till the 3rd quarter and will be done over many months then there is little need to have the full amount required for the 70% share for drilling upfront. If the Cu price stays above US$3.15/lb then AIS has the capability of funding the Torrens exploration drilling as well as repaying the loan.
Thats one reason why AIS is a far better bet for the Torrens project.
Ann: ARE: Torrens Native Title Appeals Dismissed, page-9
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Last
17.0¢ |
Change
-0.010(5.56%) |
Mkt cap ! $164.4M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 17.0¢ | $59.23K | 341.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 2080865 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 17977 | 2 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| AIS (ASX) Chart |