Now that I have digested the report. IMO. Norte lacked the punch. Este dangles a very big carrot. Zahena more than prepared to come on board again, they must be after a copper deposit. Their track record with drilling is very good ...well ahead of schedule, I am sure the drilling program for este 11k will be carried out similarly.
The value is not just 1mill but add to that the drilling costs, royalties, 5 million finders fee, undecided cash option for a buyout - which IF this turns out to be large deposit lrs will make more value.
All in all not a bad deal for a company that needs cash for exploration, no further dilution, and potentially still a world class copper deposit could be proved in the next 6 months or so.
But in the current climate very favourable from zahena good to see their continued support.
Now other matters..... Where is northcott capital up to? an update on guadalipito would be good...........
Now that I have digested the report. IMO. Norte lacked the...
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Last
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $560.2M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.0¢ | $7.396M | 37.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 155000 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 6311996 | 51 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| LRS (ASX) Chart |