Steven...
"So, Q. What's spot price got to do with anything?"
I think it's a little naive to presume that the spot price has no relevance...it is an indicator of demand, and you can be sure that if the spot price is higher, so too will the negotiated price of any offtake agreements. Similarly, if it is lower, producers will be limited in their bargaining power.
I was a fan of BMN..held it in times past, and it was good to me...the PFS though was a major disappointment IMO.
Sure it's a large deposit...problem is, under the current and foreseeable market climate, it's simply uneconomical.
I'd daresay it will be mined one day...could be a long way away yet though.
Each to their own.
Steven..."So, Q. What's spot price got to do with anything?"I...
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Last
$3.74 |
Change
-0.120(3.11%) |
Mkt cap ! $571.6M | |||
| Open | High | Low | Value | Volume |
| $3.87 | $3.89 | $3.73 | $1.283M | 340.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1746 | $3.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.76 | 1000 | 1 |
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