Why are they mucking around with the SP, painful sitting down at 1.3c when potentially easily 10x’s being a realistic valuation. There was two 50k orders in the auction, one to sell and one to buy sending it to 1.4c but neither went through anyway, quarterly next week so we get to see how much cash is on hand. I wonder if the uranium gets done and if S32 are not interested which I do have an opinion the other way whether they spin the copper and uranium apart into separate entities, oh well 1.3c into the weekend it is with infill surveying happening as of now I believe. S32 have indicated that their copper output will be down about 7% in FY 25 and with a 10m megaton resource already if first drilling hits the spot and both parties have lots of confidence in a growing resource maybe production gets fast tracked well before the end of the 5 year period.
NRX Price at posting:
1.4¢ Sentiment: None Disclosure: Held
