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The resource estimate upgrade to 413 Mlb means that the share...

  1. BeerBaron
    798 Posts.
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    19/11/09
    01:27
    Post #: 5932911
    The resource estimate upgrade to 413 Mlb means that the share price is now US$4.58 per lb. This seems to be quite low compared to the usual price of between US$5 and US$6 per lb (equivalent to a share price of between A$9 and A$11).



    My other favourite graph is also updated below to take into account the new resource estimate. It also shows the share price is on the low side when looking at US$ per lb.



    Only 65 Mlb more until we reach our low target!
    EXT Price at posting: $8.34 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 24  Upvote
    lightbulb Created with Sketch.  Great analysis
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