The PFS is an absolute blowout in terms of cost, as compared to the numbers touted via the scoping study completed with LMax. The market is reacting accordingly and we are getting hammered, biggest loser on the ASX right now.
Well done REM, why you have such a hard on for the Roast option is beyond me? It's not viable for Bacanora and clearly not for Cinovec. Opting for this "proven" but drastically more expensive option, to de risk on paper. Clearly in order to market the asset for sale and realise returns for your shareholders, has backfired!
Keith - the option to reconsider and process via LMax, is still on the table. I suggest you take it and deliver on your promise to be a low coast producer.
Keith - The market wants LMax!
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24.5¢ |
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Mkt cap ! $50.82M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 3 | 45387 | 24.5¢ |
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| Price($) | Vol. | No. |
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| 26.0¢ | 30000 | 1 |
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