The way the UG crew is delivering for BGL indicates they are experts at mining rock. The big hole they dug at Mt Marion looks awesome too. They are the commando of UG mining services. It takes time to build the team and that plank of the business looks good so far.
$60M already spent on WL and 2 years development time. Hopefully they are just being extra prudent with the WL execution. They get only one shot at getting this right.
Huge question mark is the lithium. Prices keep dropping, would be unwise to sell the rocks now. If they save it for later, they can push the capex down the road. Any chance IGO will still pay $136M cash for ESS? Recycle that capital?
The way the UG crew is delivering for BGL indicates they are...
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Last
$1.94 |
Change
-0.040(2.03%) |
Mkt cap ! $525.2M | |||
| Open | High | Low | Value | Volume |
| $1.99 | $2.03 | $1.94 | $16.01M | 8.235M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19858 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 5829 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| DVP (ASX) Chart |