Have a look at the deposit on Page 8 - lots of digging/stripping.....
Look at Tyrone80's post above, which is spot on -
"Cons - Quite a high strip ration 4.8:1 with 3mths of prestripping work before mining begins. Thats a lot of time for a 2yr mine life"
& re the price, management have already flagged they will attempt to 'Hedge' the current IO price with Shine. assuming it gets FID........
GLTAH.
Have a look at the deposit on Page 8 - lots of...
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Last
43.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $523.8M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.5¢ | 43.0¢ | $89.22K | 207.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1278 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 58576 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |