I think he could see the $1b a year revenue for 39 year mine life. I would say he did the maths, considered the current MC, and then took his shot at immortality
Good on him, great fortunes are often based on bold moves
Given his position as CEO maybe he understands how close it is to production better than the market. I hope so. He certainly has put his money where his mouth is
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NC1
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9.1¢

Ann: Change of Director's Interest Notice, page-16
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Last
9.1¢ |
Change
-0.007(7.14%) |
Mkt cap ! $11.23M |
Open | High | Low | Value | Volume |
9.8¢ | 9.8¢ | 9.1¢ | $37.67K | 395.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 9.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.9¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.090 |
1 | 25000 | 0.085 |
1 | 12000 | 0.084 |
1 | 100000 | 0.081 |
1 | 100000 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.099 | 100000 | 1 |
0.100 | 71912 | 1 |
0.105 | 2972 | 1 |
0.110 | 24736 | 3 |
0.115 | 35000 | 2 |
Last trade - 15.58pm 20/06/2025 (20 minute delay) ? |
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NC1 (ASX) Chart |