From Argonaut mid last year. They were already modelling Luni to be 14Mt @ 2.5% (without input from P2). Annual profit $257m but that was modelled based on the price of around $40US/kg if my understanding is correct. Pete Rex’s recent update showed a price of $57 US/kg. MRE for the high grade portion will be multiple times higher IMO now that significantly more drilling and expansion had been completed.
I think a new broker’s report is long overdue!
[ATTACH] From Argonaut mid last year. They were already...
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Last
$15.33 |
Change
-0.170(1.10%) |
Mkt cap ! $940.2M | |||
| Open | High | Low | Value | Volume |
| $15.35 | $15.81 | $15.25 | $2.496M | 161.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1810 | $15.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.44 | 371 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$15.33 |
Change
-0.170 ( 1.69 %) |
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| Open | High | Low | Volume | ||
| $15.35 | $15.81 | $15.27 | 3890 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
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