I agree - this on the surface appears a positive for Carbine.
Muchea has at the very least a 2 year development timeframe with further drilling required, approval to mine, EPA approval etc etc.
Sandbox appears based on the announcement to give them the opportunity to start generating cashflow much earlier and as they state opens the possibility that they can fund development at Muchea form cashflow generated from Sandbox.
There would appear to be significant upside at the site and it is positive to see the vendors are taking shares for the bulk of the acquisition cost.
It also doesn't hurt that this project appears to give the opportunity for CRB to establish a presence in the Silica market in the near future rather than waiting on Muchea.
- Forums
- ASX - By Stock
- Ann: Carbine to acquire the Sandbox Silica Sands Project
I agree - this on the surface appears a positive for...
-
- There are more pages in this discussion • 41 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CRB (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.207M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $1.216K | 304K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1446000 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 1138228 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1446000 | 0.004 |
5 | 16605001 | 0.003 |
1 | 700000 | 0.002 |
1 | 800000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 1138228 | 3 |
0.006 | 729797 | 2 |
0.009 | 94506 | 1 |
0.011 | 9000 | 1 |
0.012 | 957 | 1 |
Last trade - 14.16pm 25/06/2024 (20 minute delay) ? |
Featured News
CRB (ASX) Chart |