In my mind the simple answer is that you dont build a mine until you have an offtake agreement down pat. Otherwise they run the risk of bankrupting themselves.
Anak was a way to keep things going - Nothing material was supposed to come out of it and it hasnt. Took me too long to understand that. I doubt they have any more than 100k tonne in there anyway. All IMO. Too much thick sandstone in between seems which has been difficult to break even though it does provide road base which has been used generously for other activities.
the 25m was undoubtedly to expand BBM underground and do Tbar drilling.
I dont think anyone doubts management would sell this if the right offer comes.
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In my mind the simple answer is that you dont build a mine until...
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Last
6.3¢ |
Change
-0.001(1.56%) |
Mkt cap ! $113.2M |
Open | High | Low | Value | Volume |
6.3¢ | 6.3¢ | 6.3¢ | $5.469K | 86.80K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 73304 | 6.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.5¢ | 256938 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 448198 | 0.068 |
2 | 350000 | 0.067 |
4 | 442727 | 0.066 |
4 | 575000 | 0.065 |
1 | 200000 | 0.064 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 84327 | 2 |
0.071 | 386714 | 2 |
0.072 | 133526 | 2 |
0.073 | 275000 | 2 |
0.074 | 150000 | 1 |
Last trade - 10.02am 12/12/2024 (20 minute delay) ? |
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