Its expensive to drill from surface to upgrade the JORC from inferred to Indicated/Measured. FFM is unwilling to expend the cash needed to dewater and refurb the mine to get underground drilling started. The strategy seemed to be to get 3M oz Inferred then shop for a buyer. Proving a challenge and one a buyer would need to discount on an offer price.
Its expensive to drill from surface to upgrade the JORC from...
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 (20min delay)
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Last
87.0¢ |
Change
0.075(9.43%) |
Mkt cap ! $383.0M | |||
| Open | High | Low | Value | Volume |
| 80.5¢ | 87.0¢ | 80.5¢ | $2.986M | 3.537M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14486 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.0¢ | 6304 | 3 |
View Market Depth
| Last trade - 15.59pm 29/04/2024 (20 minute delay) ? |
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Last
87.0¢ |
Change
0.075 ( 8.87 %) |
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| Open | High | Low | Volume | ||
| 81.0¢ | 87.0¢ | 80.8¢ | 610503 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| FFM (ASX) Chart |