Bottom of the barrel metal prices still gives a current IGV for MRE3 of 66 billion Aud and at 5 to 10% should achieve at least 3.3 to 6.6 billion MC for a cheeky bid at $8.50 for starters.
But the recent successful drilling could increase the resource another 30% to 700 MT for MRE4 and as we know its still open in all directions , then the SS comes out and at some point when interest rates top out we'll see metals rise again.
The tyre kickers wont get this cheap though today it may look cheaper on paper
CHN Sale, page-111
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Mkt cap ! $389.0M | |||
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