No dfs or pfs on what they are proposing (rights to 150m level).
No offtake or detail on the concentrate or product to be sold. Just a plan to mine the T zone as a starter pit, incredibly high grade low ton event with highly favourable metallurgy for mechanical separation.
Hence the discount on the market cap.
imagine when the board drop the other details or deals will rerate if they are feasible and hence the 2.6c current share price.
Choice is to speculate and get in at a discount and have a higher risk profile or wait for the deals and numbers and pay more with less risk.
I'm backing the exLynas management to get this off the ground.
No dfs or pfs on what they are proposing (rights to 150m level)....
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $29.47M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $7.931K | 1.613M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 55 | 22028380 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 7420583 | 35 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
0.5¢ |
Change
0.001 ( 25.0 %) |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.5¢ | 210324 | ||
| Last updated 14.43pm 03/05/2024 ? | |||||
| VML (ASX) Chart |