"It is likely that the mineral sands portfolio will be spun out in 2013 to a dedicated mineral sands vehicle in order for Syrah to concentrate on its potentially world class graphite projects. In the meantime the limited exploration programs on the mineral sands portfolio are expected to add considerable value to Syrah at minimal cost."
Something to look forward to as I rate these projects highly. Worth noting that Base Resources has a market cap of around $138M so gives a rough estimate of the value that can be achieved IF exploration is successful and a deposit is found.
Cdchi1
mineral sands spinoff
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Last
22.5¢ |
Change
-0.010(4.26%) |
Mkt cap ! $232.8M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 22.5¢ | $1.802M | 7.921M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 1034048 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 443295 | 9 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SYR (ASX) Chart |