It adds to it, but there is still a point to wait til ASM become cashflow positive and to do that they need to build a plant to process it and before that buy a fleet of mining equipment. You would basically get one decent sized Excavator with no haulage or ancillary equipment for the $16M they have left. Then there are workshops, offices, setup costs are large and the money needs to come in somehow to unlock the true potential. Also, that one excavator would not be enough. I am unsure of their mine plan although either way, mobile and fixed plant equipment is required to move forward from this point.
It adds to it, but there is still a point to wait til ASM become...
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Last
$1.20 |
Change
0.010(0.84%) |
Mkt cap ! $200.1M | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.20 | $1.17 | $358.4K | 304.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8290 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 722 | 1 |
View Market Depth
| Last trade - 16.10pm 19/04/2024 (20 minute delay) ? |
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Last
$1.19 |
Change
0.010 ( 0.29 %) |
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| Open | High | Low | Volume | ||
| $1.19 | $1.20 | $1.17 | 70649 | ||
| Last updated 15.59pm 19/04/2024 ? | |||||
| ASM (ASX) Chart |