towie towie airlegs are like large hand held jackhammers, it means they mine the small deposits but have trouble getting further in.
before they were using jumbos which are like a tractor with a drill in the front you can break out more ore and access more areas horizontally although you end up at a lower grade.
How ever They are opening up a lower access to get more ore which will give them probably another 18 months of ore and then they will be counting on another mine IMHO as it looks like the seam is running out.
I am in this but would be carefull about buying as no institutions would be interested in holding up the shareprice so once the day traders get out there will be a big retrace IMHO
trading opportunity, page-22
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.789M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $14.90K | 2.029M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 19968401 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 4221838 | 10 |
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| Last trade - 15.22pm 19/08/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |