My buy in price is well below the current share price so the investment is “performing” for me right now. That does not mean I expect anything but future growth.
The company has flagged a PFS in mid 2024. When the PFS is released a project NPV of > $700m is likely based on an increased resource based on recent drilling success and high POG. Unlike your view on stocks, I actually believe that if the PFS is not released in 2024, as flagged, that this will have a negative impact on the share price. I am, however, confident the PFS will be released on schedule. No company is exempt from the non delivery of flagged outcomes.
The CEO is a well respected Mining Engineer. I know that you have a preference for ex-used car salespeople who have transitioned to mining to run listed mining companies but I strongly disagree with your point of view but you are certainly entitled to it.
The likely payback period of the project will probably be less than 12 months so a financing proposition will not be insurmountable.
I also expect the share price to go up with the general POG sentiment as it is not in the space of sitting on a number of not delivered milestones.
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Last
14.5¢ |
Change
0.013(9.43%) |
Mkt cap ! $59.05M |
Open | High | Low | Value | Volume |
14.0¢ | 15.0¢ | 13.8¢ | $262.7K | 1.827M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 39652 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 161294 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 24652 | 0.140 |
2 | 518437 | 0.135 |
10 | 425100 | 0.130 |
7 | 685030 | 0.125 |
12 | 1522013 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 161294 | 4 |
0.155 | 413972 | 3 |
0.160 | 158777 | 7 |
0.165 | 75632 | 4 |
0.170 | 15647 | 2 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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