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...
Add WA1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.36 |
Change
-0.390(2.20%) |
Mkt cap ! $1.064B | |||
| Open | High | Low | Value | Volume |
| $17.80 | $17.91 | $16.81 | $4.988M | 289.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 46 | $17.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.37 | 42 | 1 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$17.38 |
Change
-0.390 ( 1.00 %) |
||||
| Open | High | Low | Volume | ||
| $17.62 | $17.78 | $16.85 | 5834 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| WA1 (ASX) Chart |