For something like that they'd be better off proving up the resource then selling the project off assuming there was actually something worthwhile there.
I don't really think wasting money hoping to get lucky finding something else is the right direction for the company if they genuinely still believe the lithium can be profitable. Seems like exploration on other projects is something that would be better done once the company was cashflow positive (from lithium mine).
On the other hand I think the lithium market recovery will take longer and not recover to the extent that some people seem to expect. I suspect that in 2021 the FID will again be postponed.
For something like that they'd be better off proving up the...
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $299.1M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 14.0¢ | $435.0K | 3.092M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 1229973 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 4365131 | 53 |
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| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
14.0¢ |
Change
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| Open | High | Low | Volume | ||
| 14.3¢ | 14.5¢ | 14.0¢ | 3350539 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| CXO (ASX) Chart |