I'd expect not. it's plain as day in the announcement. Drill, improve value, show a pathway to monetization, sell for improved price. Even at 10m FMG or Rio wouldnt blink at buying this for blend material. It's worth more than that, but bird in the hand. That would still give PF1 its market cap in cash.
Ann: Response to ASX Aware Query, page-20
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.23M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $9.615K | 91.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 48532 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 41477 | 1 |
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| Last trade - 15.25pm 21/10/2024 (20 minute delay) ? |
| BM8 (ASX) Chart |