Don't even try to crunch numbers on old historical data- when noone knew much about iron ore anyway - as many posters are doing on this site -putting the cart before the horse. Get out there and explore for iron ore on prospective areas using modern exploration techniques and prove up modest tonnages of high grade ore -if they exist -if it comes up trumps with bigger tonnages that is a bonus. Simply follow the tried and proven method of FIRST proving up a modest iron ore resource like the pioneer Brian Johnson first with Portman and then again years later with Mt Gibson. Then follow the example again with TTY - only about 10 million tonnes or whatever it is in resources -but a highly succesful company.
If RSL only proved 2-3 million tonnes of DOS initially only a stones throw from Darwin -with low capex to mine and export you have a stock price far north of sub 2c. RSL has highly prospective iron ore tenements -apart from Daly River - as well as U. The former can be proved and producing cash flow in a far shorter time frame than uranium. These are facts - the NT is no Pilbara or even a Central Yilgarn but it's proximity to Darwin port and infrastructure makes iron ore an immediate compelling business strategy with just small tonnages within it's tenements.
- Forums
- ASX - By Stock
- SRT
- up 25 percent
up 25 percent, page-14
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SRT (ASX) to my watchlist
|
|||||
Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.64M |
Open | High | Low | Value | Volume |
17.0¢ | 17.5¢ | 15.5¢ | $96.84K | 568.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 93250 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 1 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 93250 | 0.160 |
3 | 65946 | 0.155 |
2 | 90000 | 0.150 |
1 | 14280 | 0.140 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 1 | 1 |
0.190 | 431 | 1 |
0.200 | 579 | 1 |
0.210 | 69462 | 2 |
0.230 | 32564 | 1 |
Last trade - 14.37pm 29/07/2024 (20 minute delay) ? |
Featured News
SRT (ASX) Chart |