"Completed drilling demonstrates widespread and shallow mineralisation of
phosphate with numerous intercepts >20% P2O5%"
Could be a simple open pit type operation.
Cant say i understand phosphate too well but 20% results seem very good.
Add to this flouraspa, REE, phosphate and just as expected, these type of volcanic cones are just a massive wealth of commodities.... Shenghe must be licking their lips seeing us at 61m a month out from what was meant to be a turn-key financing agreement.
On top of that,. REE still profitable
what gives mr market? Answer = cheap takeover compliments of the order book being locked into a select few... Traditionally the opposite should happen but once again, we take the risks.. ASX facilitates a manipulation down and what will FIRB do? this is the issue that Shenghe and anyone colluding to buy this cheap hasnt taken into consideration....
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Mkt cap ! $55.95M |
Open | High | Low | Value | Volume |
20.5¢ | 21.0¢ | 20.5¢ | $17.37K | 83.00K |
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No. | Vol. | Price($) |
---|---|---|
1 | 14285 | 21.0¢ |
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Price($) | Vol. | No. |
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21.5¢ | 26001 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 14285 | 0.210 |
3 | 171867 | 0.205 |
2 | 11658 | 0.195 |
2 | 155517 | 0.190 |
2 | 115000 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 26001 | 1 |
0.220 | 105000 | 3 |
0.225 | 35362 | 2 |
0.230 | 73140 | 3 |
0.235 | 179596 | 2 |
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