I look to this as a LT Hold. Say 5 years ++
1. Tin shortage leading to firmer tin price.
2. The WA gold mines were a steal. Alacer had to clear the decks because they need a lot of Capex for their Turkish gold.
3. That laterite Ni is a huge close to the surface resource. I expect a JV partner when Ni price recovers. Meanwhile it's a sleeper.
4. Cash. Just wait and be patient for M&A.
5. Zero (or very little) sovereign risk.
interesting article, page-5
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Last
40.0¢ |
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Mkt cap ! $362.4M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.0¢ | 39.3¢ | $396.4K | 997.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 152500 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 134887 | 3 |
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