Still very strong at $100 US/kg however you also need to factor in the barriers to entry.
These projects are not easy. They are in fact the most difficult, and take 10+ years to even get started. Each resource needs it's own chemistry developed to extract the minerals.
So it is not as simple as what a breakeven + adequate IRR or NPV comes to. It needs to be an outstanding resource of compelling economics (like ARU's Nolans bore).
Valuing ARU, page-57
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Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $431.2M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 17.0¢ | $138.9K | 800.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 368992 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 2195533 | 23 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| ARU (ASX) Chart |