The proof of this will be in the PFS.
As they knock over the important elements of conc transport for the magnetite, environ clearances, met recovery and grades to each of the products then all will be understood,
The current information on these things is still scant.
The volume of Magnetite is v small compared to its not very close neighbor at Savage R.
The company has at times not known if it was Arthur or Martha.
First it was a Tungsten play, now its a Tin play, next 6 months it could be a Tungsten play again.
The use of equivalents is risky because as the prices change relative to each other the pit optimizations can change, which effect any reserve calcs. This effects costs and leaks into strip ratios etc.
Lets see the PFS.
Still on a watching brief. I will take my chance on the dip.
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Last
1.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $28.05M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.0¢ | $52.56K | 4.842M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 6564455 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 900000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 6464455 | 0.010 |
11 | 9897909 | 0.009 |
4 | 2275000 | 0.008 |
4 | 971071 | 0.007 |
3 | 2485000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 900000 | 1 |
0.012 | 8584369 | 17 |
0.013 | 4028989 | 13 |
0.014 | 4880000 | 6 |
0.015 | 2018682 | 4 |
Last trade - 14.18pm 15/11/2024 (20 minute delay) ? |
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Will Souter, CFO
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