Article in the Fin Review today suggests that Independence Group and Northern Star are the front runners for Cowal. Regis Resources also a possibility.
I think it is purely speculation though as there is no mention of sources etc. NST and IGO are just mentioned because they have been the most active in the sector (only proposals in IGO's case).
My pick would actually be Regis. The open pit operation is a better fit and they have the McPhillamy's deposit in the region, although about 200 km away. McPhillamy's is 2-3 years away and Regis lacks near term production growth.
They don't have the cash but have access to debt markets and could probably get away with a small equity raising.
Barrick's Cowal mine a buy for NST?, page-8
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Last
$14.29 |
Change
-0.060(0.42%) |
Mkt cap ! $16.42B | |||
| Open | High | Low | Value | Volume |
| $14.10 | $14.70 | $14.01 | $85.83M | 5.995M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 23973 | $14.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.31 | 12891 | 5 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |