And to add, RIO are locked in for the next 18 months to spend $3 million on exploration. They need to commit for a further 3 years after that and a further $8m expenditure to start earning a JV interest. But they are committed for the next 18 months.
So plenty of funded drilling in the next 18 months ($800k worth in the next two months alone) to look forward to. Money is made in the sitting. Manage risk by taking some profit off the table during any strong rallies and re-buy lower down when price bases again.
It's a speculative stock. No-one knows yet what will be found. Just exciting possibilities.
Where are we heading on this one..., page-7
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $56.52M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $42.55K | 3.551M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 14226218 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 12565248 | 15 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| AZY (ASX) Chart |