It looks quite likely this deal to split the profits in return for free mining is to go ahead.
What's the surplus cash generated for fairly shallow gold production and being toll treated?
If the cost is circa half the current Aussie gold price say $2250/toz then that's over $80M!
Not bad for a company with a market cap of $18M and plenty of other resources / projects to develop.
I wouldn't be surprised if they end up mining more than the 79k of gold currently estimated, or they extend the arrangement.
This could really be a company maker.
Anyone else's thoughts as it seems to have slipped under the radar?
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Last
13.5¢ |
Change
-0.010(6.90%) |
Mkt cap ! $33.53M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 13.5¢ | $14.41K | 103.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76516 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 58446 | 2 |
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| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| LEX (ASX) Chart |