I don’t know how you have the data to make that call. There’s obvious high capex and opex costs associated with building and operating a complex, power hungry refinery in the middle of nowhere without existing infrastructure.
We know the margins are amazing for the high purity products. We also know that trucking the concentrate hasn’t ruined the economics for stage 1. So why not?
As a shareholder I care about three things a) revenue b) cost and c) risk. From where I site, doesn’t matter where they do it as long as it makes financial and operational sense.
E25 Price at posting:
$1.95 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)