What has changed since JORC announcement last year Q3.
Positive:
1. Additional 138 RC drilling complete as planned and diamond core drilling ongoing.
2. Phase 1 metallurgy testing complete as planned. Phase 2 metallurgy testing ongoing.
3. Port and train ready/will be ready soon – saving of multi billion dollars in capital (we don’t have to worry about raising capital or taking loan for this infrastructure development)
Negative:
1. Free release of shares to directors – Effect current price is already reflecting the dilution.
2. Release of security from Escrow - Effect current price is already reflecting the dilution.
3. 56-58% grades are not achievable in single pass --- Phase 2 metallurgy will confirm if 58% grade can be achieved by maximised by HIMS “roughing”, followed by further crushing, “cleaning” and “re-cleaning”.
4. High Phosphorous content – Product is suitable for long steel product as it, however phase 2 metallurgy will confirm if lower ph can be achievable.
5. Capital raising coming – Don’t you think 16c SP is already catering for this.
In my opinion SP is where it should be. It is just that you have to wait little longer till phase 2 results are out and updated JORC announced.
I’ll hold till phase 2 results.
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Last
3.9¢ |
Change
0.004(11.4%) |
Mkt cap ! $140.3M |
Open | High | Low | Value | Volume |
3.7¢ | 4.0¢ | 3.6¢ | $642.5K | 16.73M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 828203 | 3.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 614580 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 828203 | 0.039 |
3 | 1375000 | 0.038 |
7 | 1184430 | 0.037 |
3 | 482500 | 0.036 |
8 | 794393 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 614580 | 3 |
0.041 | 432432 | 3 |
0.042 | 1455019 | 7 |
0.043 | 662423 | 2 |
0.044 | 296413 | 3 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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