I think the DFS regardless is going to lower the all in mining cost down further with an increase in the MRE now being defined into sizeable M&I and Inferred categories with another MRE projected towards the end of 24. Lower mining costs may stave off with a lower market rate for concentrate keeping apace of it to remain profitable while construction continues. All about staying higher than the market price until it picks up again and not putting us into peril.
Was looking at the SP of many of the Australian explorers here with exploration results of some sort and is astounding how much their SP have depreciated off their highs. Many have lost over 50 + % of their value.
At least LRS is showing some sort of fight to hover where it is now.
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I think the DFS regardless is going to lower the all in mining...
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Price($) | Vol. | No. |
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7 | 2522574 | 0.195 |
26 | 3092267 | 0.190 |
20 | 1941132 | 0.185 |
21 | 3662793 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 6229563 | 32 |
0.210 | 5432023 | 21 |
0.215 | 1985404 | 10 |
0.220 | 2312481 | 24 |
0.225 | 1863202 | 8 |
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