Falcon has a great asset in its Collurabie lease. Where it goes from here with that asset depends upon BHPB, its partner with some 70% of the action.
The big question for BHPB is whether or not Collurabie is of significant enough size to justify its continuing involvement. At this stage it seems possible BHPB may not think so.
If not, possibly it will do a deal with Falcon for Falcon to take over the project. If that happens I expect Falcon to do some quick infill drilling to see if a mine is possible. That could lead to a major reappreciation of the Falcon share price. Fat Prophets seems to agree.
AND, Saxby could be a major sleeper here too.
Falcon has a great asset in its Collurabie lease. Where it goes...
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22.5¢ |
Change
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Mkt cap ! $46.84M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.5¢ | $1.012K | 4.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 95489 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 3947 | 1 |
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