Little bit disappointing the price movement here, but it is really classic mine cycle pricing.
I don't anticipate any off take deal be that funding / pre payment etc until after the DFS which will likely be after another resource update.
Key things that the market will move on IMO are the LOM and the Strip Ratio, with the strip ratio in particular as at 17.6 that is on the high side. We know why and this should already have improved but it will be a key number for the financial metrics of the project.
Looks like the sector is back testing, will add more on any significant weakness.
Little bit disappointing the price movement here, but it is...
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Last
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $560.2M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.0¢ | $7.396M | 37.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 155000 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 6311996 | 51 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| LRS (ASX) Chart |