How are you suggesting they finance mining if we get to that stage? How are you going to get the money? Because you have two options here, either a cap raise or a JV. In both cases that means dilution. With the added stability that a JV with a top tier gives you, versus the uncertainty of just raising money and hoping that the management actually turns an exploration project into a mine (which is not easy at all).
Being this a secondary project, I am very happy with this JV.
Ann: Mangaroon Ni-Cu-PGE Project Advances to $12m Earn-in, page-16
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Last
1.7¢ |
Change
0.001(6.25%) |
Mkt cap ! $67.54M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.7¢ | $134.2K | 7.727M |
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| No. | Vol. | Price($) |
|---|---|---|
| 30 | 7971732 | 1.6¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 1274633 | 6 |
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| Last trade - 12.33pm 01/10/2024 (20 minute delay) ? |
| DRE (ASX) Chart |