I think they will get to 1mil, but given the grade, that will not last 10 years because it is coming out faster than the material already mined. This is a good thing, as it = higher cash flows early at lower cost.
I think BB would keep drilling until he could announce a nice round 1mil.
The upgrade is important and much anticipated, however I think being much anticipated it will not move as much as one would hope.
I think the market mover is the drilling on the patch beside the existing mine.
If it were to replicate the existing, then you will see a $2 handle on the price. Keeping in mind that they have several offsets to test if this one pans out. This is the reason to be in this stock.
correction for the moderator - nst / vrx, page-7
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Last
$15.97 |
Change
0.180(1.14%) |
Mkt cap ! $18.36B | |||
| Open | High | Low | Value | Volume |
| $16.00 | $16.13 | $15.97 | $53.04M | 3.312M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13383 | $15.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.98 | 6998 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| NST (ASX) Chart |