No. Area5 must be accessed ASAP, there is cream sitting in there and they need to spend the money now to get it. 1% Sn grades if no area5.
The real issue is Nifty - $12m pa in care and maintenance, a $10m study into the open pit option( drilling, engineering) then $40m odd in capex to develop it. The company needs to cut ties with the asset but unfortunately I feel like it’s a much less attractive proposition for anyone to take it now that the best part (exploration tenements) have been farmed out to IGO.
No. Area5 must be accessed ASAP, there is cream sitting in there...
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Last
53.5¢ |
Change
-0.010(1.83%) |
Mkt cap ! $474.2M | |||
| Open | High | Low | Value | Volume |
| 54.0¢ | 54.0¢ | 52.5¢ | $1.416M | 2.657M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25746 | 53.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 121850 | 2 |
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| Last trade - 16.11pm 25/06/2025 (20 minute delay) ? |
| MLX (ASX) Chart |