That would increase sales by about 30m USD. And would add hundreds of millions in AUD to the market cap (based on a fairly conservative earnings multiple). Remembering we are constrained by how much rock we can dig up, not how much anode we can squeeze out of it.
It wouldn't surprise me if MT always had some inkling that the deposit was even higher grade than we know officially. But it seems within his nature to undersell as opposed to oversell. I also think we may see a sales price higher than ~12k USD, which is another conservative value, but that is a whole separate topic on its own
That would increase sales by about 30m USD. And would add...
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Last
71.0¢ |
Change
-0.010(1.39%) |
Mkt cap ! $269.6M | |||
| Open | High | Low | Value | Volume |
| 71.5¢ | 73.0¢ | 70.5¢ | $191.4K | 267.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3875 | 71.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
72.0¢ |
Change
-0.010 ( 0.67 %) |
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| Open | High | Low | Volume | ||
| 72.0¢ | 72.5¢ | 71.0¢ | 92723 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| TLG (ASX) Chart |