Let me get you up to speed, Glencore off-take for life of mine (binding) for a project NPV(7.5) > 1 Billion. Current assets on balance sheet in the neighbourhood of $80-90m. EAS on board to help fund to CAPEX requirements (highly probable). Port& Rail infrastructure currently in discussions, JV for our hematite & possibly magnetite projects moving forward. BFS due in March.
Here's a little DD for you, our 1b tonne resource was inferred using a smaller head grade back in 2012 when initial drilling occured, the most recent drilling used a larger head grade which resulted in a greater mass recovery, by my calculations, indicated resources should increase approximately 30% for out moonshine project alongside a higher average concentrate recovery.
We won't even factor in our Treppo grande project or our 25% stake in the JV'ed tenements.
Market Cap? < $20 million.
possibly one of the most undervalued developing iron projects I've seen. It's no longer in the early stages, this could be operational in 1.5 years. GL on your research!
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Mkt cap ! $2.994M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 5 | 626673 | 1.5¢ |
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| Price($) | Vol. | No. |
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| 1.7¢ | 306089 | 1 |
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| Last trade - 10.53am 27/06/2025 (20 minute delay) ? |
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