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.
I think they will get to 1mil, but given the grade, that will...
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Last
$15.85 |
Change
0.150(0.96%) |
Mkt cap ! $18.22B | |||
| Open | High | Low | Value | Volume |
| $16.00 | $16.05 | $15.81 | $86.08M | 5.402M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9868 | $15.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.86 | 1500 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| NST (ASX) Chart |