Agreed we should sell our American assets. Focus is spread too thin. Belmont needs sorting first. In any case, they are a source of future cash which is great.
Lone Star is turning more and more into a good asset as the Copper price deficit continues and the price rallies.
14 years isn't that short and of course as you say opportunity to increase [I think this typically happens].
The big game changer for Lone Star [and hence MQR] will be more or less the Copper price. At $15k USD tonne it is firmly in the money, and anything over that the value exponentially increases [as costs stay the same]..
COPPER: MQR's Lone Star Copper Project worth 16c a share, page-5
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Last
2.0¢ |
Change
0.004(25.0%) |
Mkt cap ! $7.911M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 1.8¢ | $222.0K | 11.31M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 473684 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 1018356 | 7 |
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| Last trade - 12.21pm 06/09/2024 (20 minute delay) ? |
| MQR (ASX) Chart |