Management have in recent times adopted the "fast start" alternative to production. Personally i believe that they will strike a toll treating agreement as this would be the fastest start and initially economic to.
They also have been prepping market for such possibly, through statements of "minor, less capital intensive modification to local nickel mill 6km away via sealed road" as well as MLX Rentails offering attractive upside to their recovery curves, specifically enabling MLX to achieve recovery 16% conc. if blended with SRZ's vs 10% planned maximum already without our ore.
I have doubt that ANW would be in picture as a possibility.... BUT thats not out of the question either, never know what happens.
Bottom line is though that there is many options feasible and currently available to achieve a very fast start if required. Will just have to wait and see in the meanwhile though
Ps. I am still quite dirty at management for their great CR F-up But life goes on, they are very well funded now and will remains until our next re-rate before a fast start up so have looked passed this and added more to my holdings at 1.6/1.7 where ever i could. Trading at quite a discount to their intrinsic worth i feel.
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $34.31M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.5¢ | $37.72K | 2.414M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 2812544 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 143828 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 315511 | 0.013 |
2 | 450769 | 0.012 |
3 | 650000 | 0.011 |
7 | 1743003 | 0.010 |
1 | 400000 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 217473 | 1 |
0.016 | 321296 | 1 |
0.017 | 15000 | 1 |
0.018 | 830995 | 3 |
0.019 | 150000 | 1 |
Last trade - 15.32pm 18/11/2024 (20 minute delay) ? |
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