No offtakes because there's no DFS, and the DFS is imminent.
Why would you put DFS as a CP in offtakes when its so close. Same goes for 1 tonne SC6 product qualification currently in progress. At this stage there's significant projects risks which mean offtakes aren't particularly binding, they're more like agreements to agree.
A big question yet to be answered is how much resource converts to reserve, and this feeds all the calcs driven by minelife, mining & processing rates, etc.
The less CPs in an offtake the better, and this NTA is another boxed ticked and excluded. The board have a lot of short term incentives based on DFS, offtakes, FID, funding hurdles, etc, so an early takeout doesn't suit them - unless of course a cash takeover triggers them anyway, which it could do.
At the end of the day, this is pretty big news and maybe picked us up 4 or 5 cents and stopped us closing below $1.90 again.
No offtakes because there's no DFS, and the DFS is...
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Last
87.5¢ |
Change
0.035(4.17%) |
Mkt cap ! $2.121B | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 89.5¢ | 84.5¢ | $14.42M | 16.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 112120 | 87.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.5¢ | 79469 | 3 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| LTR (ASX) Chart |