I think with MAC (mining area c )expanding to 135M tonne expansion, they will see income expand with minimal overheads associated with the growth in revenue. MRE is 1.8B tonnes (I think).
as the MAC is operated by BHP and the global need for Aussie ore, I don’t think there is many hurdles to a growth trajectory and or M&A with other companies to then spin out a royalties agreement for a cash injection......a very wise move for a business model in my opinion and likely to far outweigh most direct business investments.
agree board is heavily stacked, when consultants and market analysts could provide most of the leg work and firepower required, but at what cost? Most likely more expensive than current model?
Do your own research.
I think with MAC (mining area c )expanding to 135M tonne...
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Last
$4.93 |
Change
-0.080(1.60%) |
Mkt cap ! $2.606B | |||
| Open | High | Low | Value | Volume |
| $5.02 | $5.05 | $4.93 | $4.184M | 844.0K |
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| No. | Vol. | Price($) |
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| 5 | 13373 | $4.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $4.94 | 1762 | 1 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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$4.95 |
Change
-0.080 ( 1.15 %) |
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| Open | High | Low | Volume | ||
| $5.02 | $5.05 | $4.94 | 214617 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
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