Will reply before Rob starts mouthing off. I can think of a couple of relevant comments.
Unfortunately when it comes to mines it doesn't matter how much was spent, if it can't run at a profit it is worthless.
However, in the mines in question (Aus and Spain) they were both heavily impacted by a W price of around 200$ per metric ton. in the period 2018 to 2021. The price today in usd is around 300, a 50% increase. Most on this forum believe the price will increase further due to geopolitical reasons and new demand( batteries )
The recovery rates (translates to efficiency ) is far greater than previous due to the capital spend on more suitable equipment.
So revenue per unit up, costs per unit down can only mean better financial performance, so yes a good deal was done.
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Will reply before Rob starts mouthing off. I can think of a...
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Last
3.5¢ |
Change
0.001(2.94%) |
Mkt cap ! $93.69M |
Open | High | Low | Value | Volume |
3.5¢ | 3.5¢ | 3.3¢ | $13.51K | 393.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 29706 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 150000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 29706 | 0.034 |
9 | 1480585 | 0.033 |
4 | 333750 | 0.032 |
2 | 508000 | 0.031 |
6 | 836699 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 150000 | 1 |
0.037 | 76315 | 2 |
0.038 | 475640 | 3 |
0.039 | 1110000 | 3 |
0.040 | 445847 | 1 |
Last trade - 15.17pm 20/06/2025 (20 minute delay) ? |
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