I guess one is more surprising than the other?
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AKM is normally conservative in its language so, 'significantly extend ... Ore Reserves ...' is hopefully, significant. After the flack they got from the reduction in the resource estimate a couple of years ago, I hope they wouldn't have used that word without having good reason to do so.
I imagine that a significant increase in the Reserve number should improve the Bankable Feasibility Study later on (longer mine life, and/or higher pa tonnages; an even higher NPV and better economics for Northern Rail, which keeps the line until the mine runs out). It should also offer longer/better returns for potential investors, and our friends at Noble of course.
And that's still having drilled only about 20% of the Basin.
Interesting that AKM thought that the remodelling was the reason for the price increase (or wanted us to think that anyway).
GL
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I guess one is more surprising than the...
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Last
35.0¢ |
Change
-0.010(2.78%) |
Mkt cap ! $177.6M |
Open | High | Low | Value | Volume |
36.0¢ | 37.0¢ | 35.0¢ | $35.40K | 98.08K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 238 | 35.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.5¢ | 15201 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 238 | 0.350 |
2 | 52140 | 0.345 |
1 | 40000 | 0.340 |
2 | 60000 | 0.330 |
7 | 118315 | 0.320 |
Price($) | Vol. | No. |
---|---|---|
0.355 | 15201 | 2 |
0.360 | 3500 | 1 |
0.365 | 6500 | 1 |
0.375 | 27500 | 2 |
0.380 | 674454 | 3 |
Last trade - 14.07pm 09/07/2024 (20 minute delay) ? |
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