Everything is relative I suppose. GRR must have seen a benefit when they entered into the project but maybe it seems a very good opportunity to sell when IO prices are at record levels.
It is telling that GRR and its Japanese partner are both willing to sell at this point. IO prices may only be at these levels for the next year or two. Strike now while the iron is hot (no pun intended)
My personal view is that they should off-load now and get the cash - which can be used to develop Savage River to its full potential without reducing cash reserves or entering into a financing liability. Savage River is a brilliant asset and extending the mine life out to maybe 2050 seems like the best option. Maybe SD is just not required.
GRR is a great small player and it should cement that position. It does need to try and be another BHP.
GRR Valuation, page-105
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Last
31.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $358.7M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 32.3¢ | 31.0¢ | $465.1K | 1.472M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 131681 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 28097 | 3 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| GRR (ASX) Chart |