Maybe, but they already have a HUGE magnesite resource which needs a jv partner, or an out right sale.
I'm leaning more towards a sale of the magnesite and they'll use the funds for this "project", and fund the graphite plant. Just a thought. The "project" could also mean a value add venture for graphite/graphene.
GA has been very good in the way he funds the projects - seems to run a tight ship. The sale of the U tenements to BHP (while BHPwere still throwing cash around) for $8mil was an example of this and that has meant we don't get the "tin rattling", and dillution that goes with it, that most juniors go thru.
I don't think we have too long to wait. E&Y doing a review at the moment
Maybe, but they already have a HUGE magnesite resource which...
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Last
22.0¢ |
Change
0.010(4.76%) |
Mkt cap ! $53.51M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 21.0¢ | $19.11K | 89.19K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7243 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 43936 | 7 |
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| Last trade - 12.34pm 02/10/2024 (20 minute delay) ? |
| AXE (ASX) Chart |