For 200 mill you will get a few camels and guys with shovels. I was personally involved with the McArthur river expansion which cost 750 mill and was stage 1 of 3. There are also hundreds of sacred sites in the area (27 on the McArthur river mine lease alone) as well as privately owned roads and mandatory local town contributions.
The fact that they own 51% of the current joint venture has no bearing on the next step should exploration go well. A micro company can simply not raise it half of the billion required.
I am not being negative here, in fact I am expecting good results. McArthur river mine is one of the richest producing mines in the world. Just not sure what Pmy will do with the giant nugget they might dig up
- Forums
- ASX - By Stock
- capital raising-a real possibility
For 200 mill you will get a few camels and guys with shovels. I...
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
Add BML (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.5¢ |
Change
-0.005(5.00%) |
Mkt cap ! $22.17M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.5¢ | $139.5K | 1.407M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 107369 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.096 |
1 | 6000 | 0.093 |
2 | 15500 | 0.092 |
2 | 30789 | 0.091 |
4 | 212222 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 107369 | 2 |
0.110 | 145238 | 2 |
0.115 | 138000 | 3 |
0.120 | 208806 | 4 |
0.125 | 97020 | 2 |
Last trade - 15.56pm 04/10/2024 (20 minute delay) ? |
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
BML (ASX) Chart |