This will turn into a mineable resource but I doubt PEX will ever get to mine it. One of the bigger players will buy the tenement for cash and/or shares and/or a royalty combination. Given SBM has a significant stake they clearly have inside running and management + Pitt and friends should be able to extra a solid premium. Nothing less than 1.30 per share based on what is unfolding and higher if results continue to flow as or above expectations. Still a lot of upside from here. You only need to look at the CSA mines to know what a valuable long term earner Cobar deposits are.
This will turn into a mineable resource but I doubt PEX will...
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Last
13.0¢ |
Change
-0.010(7.14%) |
Mkt cap ! $75.54M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.0¢ | $36.30K | 269.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 630907 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 151278 | 2 |
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| Last trade - 15.45pm 21/06/2024 (20 minute delay) ? |
| PEX (ASX) Chart |