Spot on Lord Elpus. You may remember the bidding war over North Ltd, whose most attractive asset was the Robe iron ore division. A further asset of course was the 68% owned ERA which held the Ranger mine and Jabiluka deposit. Via attrition it ended in a bidding war between Rio and Anglo. As the Robe assets were located near Rio's railway and port infrastructure, they won the bidding war.
Interestingly there was a sense of desperation from Rio last year when they prematurely/erroneously announced that the Mirarr people (traditional owners of the Ranger and Jabiluka areas)looked like they would give consent to the go ahead for the Jabiluka mine. Rio would save a fortune if they could bring on J before Ranger was decommissioned/wound down. They would have simply built a haul road from J to the existing Ranger facility.
If the EXT deposits are within economic haulage distance from the Rossing mill, the synergies/cost savings would be substantial, giving Rio a substantial advantage in any potential bidding war for EXT.
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.27M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.8¢ | $70.30K | 7.942M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 7726856 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 2021924 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 3226856 | 0.008 |
10 | 3018548 | 0.007 |
5 | 2018942 | 0.006 |
3 | 1700000 | 0.005 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 2021924 | 5 |
0.010 | 12240004 | 14 |
0.011 | 4800000 | 4 |
0.012 | 3638361 | 4 |
0.013 | 99423 | 2 |
Last trade - 14.02pm 16/08/2024 (20 minute delay) ? |
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