The simple reality, looking at 29 broadly since IPO, has been their inability to get costs down. Whilst their mines are in Tier 1 jurisdictions neither are Tier 1 assets at all, far from it in my mind.
If Copper prices start with a 5 or even a 6 or 7 then all will be well. And I expect this in the next 24 months or so.
But If Copper stays at $3.66 as per today then you could make a very good argument to say that 29 is overvalued currently.
Ann: Strategic Update, page-113
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add 29M (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
41.5¢ |
Change
-0.005(1.19%) |
Mkt cap ! $291.2M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 42.0¢ | 41.0¢ | $743.2K | 1.795M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 78656 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 162494 | 2 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| 29M (ASX) Chart |