If you were truly a holder you’d know this is complete and utter nonsense. A decade? They have an existing plant which can be turned on at any time. It is currently under C&M. This was a functioning mine up until early 2023. The company have stated they intend to expand the plant and mine at a much larger run rate. The fact it is an existing mine means the roadblocks typically experienced for building a plant do not exist. These are all things the company have detailed in presentations.
Please do elaborate on why this will take 10 years to get into production?
ffm chart, page-100
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Last
87.0¢ |
Change
0.050(6.10%) |
Mkt cap ! $418.2M | |||
| Open | High | Low | Value | Volume |
| 80.5¢ | 87.0¢ | 80.5¢ | $1.818M | 2.177M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5585 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.0¢ | 47817 | 1 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| FFM (ASX) Chart |