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
$17.41 |
Change
-0.910(4.97%) |
Mkt cap ! $1.067B | |||
| Open | High | Low | Value | Volume |
| $18.10 | $18.25 | $17.40 | $5.157M | 291.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3568 | $17.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.56 | 300 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$17.43 |
Change
-0.910 ( 4.89 %) |
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| Open | High | Low | Volume | ||
| $18.12 | $18.12 | $17.41 | 12626 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| WA1 (ASX) Chart |