I got in early at $1.20 and have trippled my holding since then. I am looking at the ground and the deposit as a Geologist - and this area has the structure and geology to hold a significant tier one asset. Political risk is low - geological risk is low (in my opinion) this leaves development, start up, funding and metal price risk to conquer.
If the met work in the PFS is done well then the main risks in my opinion are metal prices and funding.
Funding will be the main issue because if the cost of production is within the first two quartiles then metal prices will be less significant over a long cycle.
Ann: September 2023 Quarterly Activities & Cashflow Report, page-15
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Last
$1.18 |
Change
-0.035(2.89%) |
Mkt cap ! $457.0M | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.20 | $1.15 | $4.696M | 3.997M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10999 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 18001 | 2 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| CHN (ASX) Chart |