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.
This has done exactly what it has supposed to do. Successful...
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Last
25.0¢ |
Change
-0.005(1.96%) |
Mkt cap ! $127.1M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 25.5¢ | 24.0¢ | $145.7K | 590.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16601 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 7899 | 1 |
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| Last trade - 16.10pm 30/06/2025 (20 minute delay) ? |
| MM8 (ASX) Chart |