I thought about that as well for a while !! Mind you I think they did the responsible thing. They have expertise in bauxite, and they are a very long way off determining if this type of rare earth deposit will be able to be a profitable, commercial venture for The Company and it's shareholders. The price per tonne of this type of rare earth sells for a very handsome price, but they don't know how much they have yet .... nor the total costs to mine.
So in summary, I think it was responsible for ABX to let the market know they have found some rare earths, and yhat they intend to investigate the potential profitability. I also think it was responsible not to mark the latest Ann as price sensitive... they have a vast amount of work to do before they decide if they will proceed to mine. In this case, I would hope the Company takes the time to scrutinize and completely understand the rare earths market first. A caveat before they proceed to mine this time, should be to lock in watertight forward dated sales contracts. They have been screwed before on bauxite deals so this is a key milestone to enter this new market IMO.
GLTH
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I thought about that as well for a while !! Mind you I think...
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Last
5.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.25M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 204293 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 30035 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 204293 | 0.051 |
1 | 70000 | 0.050 |
1 | 11000 | 0.048 |
1 | 21064 | 0.047 |
1 | 127624 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 30035 | 2 |
0.055 | 250000 | 2 |
0.058 | 10000 | 1 |
0.059 | 16665 | 1 |
0.060 | 72956 | 3 |
Last trade - 10.00am 09/07/2024 (20 minute delay) ? |
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