Funding won't be an issue if the scoping studies prove the resource to be profitable.
The capex will be sub $500million. It's only plant and tailings dam that is required. Everything else capex wise is in place.
Permits will take time though they always do. Most are in place and I think the existing mine plan is covered off aswell.
Hard to see it not being profitable/economical given copper price at $4.50 and looks as though $4.20 would be a bottom. Plenty of smarter people than me are still saying $5plus.
Any type of positive news and momentum will catapult this into orbit. Take a look at ENRs move over the past 2 weeks. Now that's an accident waiting to happen and just shows market exuberance is still there.
May be look at what happened with AZS.
Anything is possible when the stars align
Cheers
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5.0¢ |
Change
-0.001(1.96%) |
Mkt cap ! $19.64M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 5.0¢ | $6.508K | 130.1K |
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No. | Vol. | Price($) |
---|---|---|
3 | 160057 | 4.9¢ |
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Price($) | Vol. | No. |
---|---|---|
5.0¢ | 190 | 1 |
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No. | Vol. | Price($) |
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3 | 160057 | 0.049 |
1 | 200000 | 0.048 |
1 | 100000 | 0.047 |
1 | 113000 | 0.046 |
3 | 311854 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 190 | 1 |
0.051 | 209999 | 2 |
0.054 | 167500 | 1 |
0.055 | 90685 | 4 |
0.057 | 23208 | 1 |
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