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.
The simple reality, looking at 29 broadly since IPO, has been...
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Last
36.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $256.1M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.5¢ | 36.0¢ | $372.9K | 1.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 215460 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 28718 | 2 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| 29M (ASX) Chart |