"all i can say to people thinking of buying is, if it opens 2 to 3c higher, backup the truck and load up, because next stop will be a dolla."
Having the share price factor in the sale of the Mt Gibson project to Sinom probably is not an outragous statement, as has been shown my others prior analysis the probability of ACS firming a 200Mt magnetite deposit is comparitively high to other exploration programs going around.
There is of course good chance of a greater deposit but we should try to be conservative on size.
Howerer I am thinking of two possible reasons as to why sinom may well purchace a smaller deposit of ACS
1. 400Mt was stated as the minimum amount required for a feasible magnetite mine prior to the rise in ironore prices of 85%.
2. The purchase of MGX is a sunk cost and should not be calculated in any NPV project analysis of the purchase of the ACS project.
These may only have minor effects but i think they are worth considering.
Any thoughts?
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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2 | 545341 | 0.6¢ |
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Price($) | Vol. | No. |
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2 | 800000 | 0.005 |
1 | 400000 | 0.004 |
1 | 450000 | 0.003 |
2 | 1254002 | 0.002 |
Price($) | Vol. | No. |
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0.084 | 2560 | 2 |
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