in time for the MRE party next year!
50Mt seems guaranteed by Class M performance hurdles. Management needs to get paid and they won’t set something they can’t achieve. Most likely ran their own resource software and saw more than 50Mt already based on current drilling.
The class O rights hurdles ie 75Mt also most likely achieved already as a form of free pay to management.
That would be 1.1bn market cap and $5.35.
Class N very interesting too, seems like a lot of parties offering offtake deals/partnership with more than 50mil cash injections. Again management don’t set these hurdle if they aren’t already hitting them.
not advice
in time for the MRE party next year!50Mt seems guaranteed by...
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Last
$1.29 |
Change
-0.015(1.15%) |
Mkt cap ! $245.1M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.35 | $1.27 | $636.0K | 489.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1970 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 9000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.28 |
Change
-0.015 ( 2.71 %) |
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| Open | High | Low | Volume | ||
| $1.35 | $1.35 | $1.27 | 129488 | ||
| Last updated 15.57pm 03/05/2024 ? | |||||
| WR1 (ASX) Chart |