Cummings Range would have to be a stand alone valuation of $50 mill based on tonnage and grade.The remaining value would be assessed by Mr,Market in its appraisal of value.
The indicated grade of 1.15% TREO an under statement based on the results of recent Drilling.I do not know the reason for this.
Perhaps a placement at mates rates?.
The DD program,as proposed,would cost in the order of $800k-$1 mill.
Monday will be interesting.
Cummings Range would have to be a stand alone valuation of $50...
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $11.06M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.4¢ | $9.79K | 675.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1423433 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 280923 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| REE (ASX) Chart |