This has done exactly what it has supposed to do. Successful drills and completion of the option on the IGO plant could easily see this at $60m+ MC. I think capex will be sub $100m on this course of action. Even if we have to come up with $40m of equity that becomes a lot more feasible now than it was when we were $20m MC. At spot the payback on this thing pre-tax should be <1 year, makes it a fairly low risk funding proposition.
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Last
26.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $132.2M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 26.0¢ | 25.0¢ | $134.3K | 527.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17395 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 16604 | 1 |
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| Last trade - 16.10pm 21/07/2025 (20 minute delay) ? |
| MM8 (ASX) Chart |