I was thinking particularly of a sale price for a resource, a buyer of that resource could conceivably pay 5% of the JORC resource for the costs and risks and time factor associated with mining, processing and shipping of the product. So I agree, if the buyer spent say $80m in capex, plus the costs of adding value in mining, processing and shipping (I can't quantify that), plus 30% ROI would need to add up to at least $288m. Of course there would be upside and downside risks in the product price over time amongst other things. There would be an added benefit of a likelihood of nearby resources (a bird in the bush . .)
I was thinking particularly of a sale price for a resource, a...
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Last
20.0¢ |
Change
0.010(5.26%) |
Mkt cap ! $37.66M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.0¢ | $40.21K | 205.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22700 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 2541 | 1 |
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