It's not wasting money.
Night Train won't require a low temp roast, which was the key step to unlocking Thunderbird's economic potential. Although Thunderbird is low second quartile cost OPEX, Night Train looks to be near bottom first quartile.
That means a more rapid payback in the first 5 years and helps with funding/JV talks. Alternatively, the asset can be sold in it's own right. A couple of mil to prove up a resource with a NPV of $300m+ makes sense to me.
It's not wasting money.Night Train won't require a low temp...
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Last
50.0¢ |
Change
-0.020(3.85%) |
Mkt cap ! $196.5M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 51.0¢ | 48.0¢ | $120.5K | 245.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20000 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.0¢ | 2950 | 1 |
View Market Depth
| Last trade - 15.56pm 02/05/2024 (20 minute delay) ? |
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Last
49.0¢ |
Change
-0.020 ( 3.01 %) |
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| Open | High | Low | Volume | ||
| 50.0¢ | 50.0¢ | 48.0¢ | 27271 | ||
| Last updated 15.29pm 02/05/2024 ? | |||||
| SFX (ASX) Chart |