They have no clue how to develop a nickel laterite deposit. And no idea about how much money would be involved to get it even CLOSE to a DFS. Let alone FID. It is multiple multiples of their current market cap.
Their effort should be spent on divesting it. It will be a bonus if they could sell it for as much as they pumped into it, i.e. a clean break. $1 profit will be a bonus.
Ann: Quarterly Activities Report, page-4
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Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $6.168M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.4¢ | $26.39K | 1.820M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 509230 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 821073 | 1 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| G88 (ASX) Chart |