I bought a lot of these at 0.31c , 0.22c and 0.08c and had always hoped Junefield the major shareholder would fund Mariella ( as they did ) and then fund Guadolapito .
SO from a long term holder even though the stock has risen a little most holders are way way under water at anything less than 0.20c and will hold .
The Guado project is the biggie in my view , but one never knows if the Illo drill results are good or they come up with a funding partner in Brazil I may be wrong .
Back of the envelope numbers on Guado , looking at Magnetite or Andusalite are almost so big it seems the calculator has malfunctioned . A JV partner is the key as the cost to produce this size of a project would be $100m Plus and not beyond a Junefield or Cape Lambert the 2 biggest shareholders but is definitely well beyond MHM market cap or funding capability .
If a JV partner can be found whom funds the plant build , maybe gets an off take agreement and LRS keep 30-50% of net production proceeds then the 7 odd cents price they are now
will also seem like a calculator malfunction in my view .
The numbers I assumed that got me excited were based on the JORC on Guado .
That JORC initially saw the price move to over 0.45c , but delays and a poor resource market has seen it fall away .
Happy to discuss the numbers for those new to the stock
C
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I bought a lot of these at 0.31c , 0.22c and 0.08c and had...
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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($) | Vol. | No. |
---|---|---|
20.0¢ | 6311996 | 51 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 155000 | 0.195 |
5 | 684425 | 0.190 |
10 | 2223053 | 0.185 |
9 | 2053527 | 0.180 |
7 | 1054477 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 6311996 | 51 |
0.205 | 4523755 | 23 |
0.210 | 5678520 | 33 |
0.215 | 2491558 | 20 |
0.220 | 2705583 | 38 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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