If Hanrine chooses to complete 25km in a short time period, that is completely their prerogative.
I just stated the terms in the JV agreement.
In order to achieve the 80% ownership interest, they need to complete US$120 million expenditure or come to a decision to mine.
There is generally a long lag between proving the copper and building the mine.
You may be correct that they may try to accelerate the drilling and leave us holding the 2.7% NSR.
I tend to think we will be taken over before this happens but time will tell.
I am very hopeful we will see multiples of our current price either way. I'm hopeful we start seeing Dynasty results this week also.
If Hanrine chooses to complete 25km in a short time period, that...
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Last
39.0¢ |
Change
0.015(4.00%) |
Mkt cap ! $101.6M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 41.0¢ | 38.0¢ | $725.9K | 1.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5000 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 44469 | 3 |
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| Last trade - 15.58pm 13/06/2025 (20 minute delay) ? |
| TTM (ASX) Chart |