The tortured approvals process for RRL's McPhillamys mine in NSW is one good reason to approach SVL's project with caution. Do your research and then look at the length of time vs cost blowouts and landholder continued action every step of the way. It was the reason I exited RRL some time ago.
NSW is no longer a tick the box mining locality it once was.
Mr Market says jury is still out on SVL despite this latest funding from Rick Rule and the other amigos.
I'm sitting back watching this whole process as this deposit interests me and on a watchlist.
I believe that uncertainty on a number of levels is holding the SP of SVL back currently.
That can be the curse of many explorers with workable deposits of minerals.
The tortured approvals process for RRL's McPhillamys mine in NSW...
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $158.3M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $27.53K | 251.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 994215 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 685506 | 12 |
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| Last trade - 10.13am 06/11/2024 (20 minute delay) ? |
| SVL (ASX) Chart |