Why not use the cash to buy something like Adriatic? Could near on buy the company outright with the sale funds from IMC then get a newly producing mine (ramp up risks I understand) but straight into cash flows... Hermosa is a project hungry for capital to get up and running and still has permitting risk and copper projects are overvalued at the moment even with the copper price slipping.
Ann: Illawarra Metallurgical Coal Sale Unconditional, page-3
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Last
$3.55 |
Change
-0.050(1.39%) |
Mkt cap ! $16.03B | |||
| Open | High | Low | Value | Volume |
| $3.51 | $3.56 | $3.51 | $4.582M | 1.299M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 32305 | $3.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.56 | 27604 | 14 |
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| Last trade - 10.50am 09/10/2024 (20 minute delay) ? |
| S32 (ASX) Chart |