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2.86%

18.0¢ cavalier resources limited

"The mining costs are ultra conservative in my view.." $5.05 a...

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plough

33,215 Posts.

1675

11/04/24

13:17

Post #: 73296017
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Originally posted by biag ↑

Hi Everyone

The mining costs are ultra conservative in my view... Been in the earthmoving game a long time..... Also I think the recoverable amount is also conservative, however one must always consider the possibility of inconsistent ground conditions . The main issue here is how to fund the start up , being the establishment and the first part of production, that I work out to be roughly in the range of around $10M . ( which of course we don't have readily available )
Looking forward to management's deal on this issue , as I'm tipping it will not be difficult to place
Pleasant change to see conservative reporting as against the hyping of stock for capital raising.

Maybe a few more

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"The mining costs are ultra conservative in my view.."

$5.05 a BCM seems high to me from surface

Doubt if even Mark Clark could match that .

CVR Price at posting: 21.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 18.0¢		Change 0.005(2.86%)		Mkt cap ! $5.729M

Open	High	Low	Value	Volume
18.0¢	18.0¢	18.0¢	$8	47

Buyers (Bids)

No.	Vol.	Price($)
1	7675	18.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.5¢	36000	1

View Market Depth

No.	Vol.	Price($)
1	7675	0.180
1	6000	0.175
4	69936	0.170
1	5000	0.165
1	9375	0.160

Price($)	Vol.	No.
0.195	36000	1
0.200	25000	1
0.210	154390	1
0.220	10000	1
0.240	25000	1

Last trade - 15.38pm 03/05/2024 (20 minute delay)

CVR (ASX) Chart