Very encouraged by this announcement if you are holding heads for the long term.
IMO the price of HZR/MIN's graphite is the most important variable over the next 5 years (and beyond).
Battery grade synthetic graphite has been selling for over US$15,000.00 per tonne recently, and the announcement confirms that is outperforming the benchmark.
If MIN are able to secure an offtake agreement with their graphite "at market price for synthetic graphite" then this will be huge for Hazer from 2020 onwards.
Potentially 10' of millions pa coming in from the MIN licencing agreement would completely safeguard Hazer, and would be a huge SP catalyst.
Unfortunately for Option holders it seems like the timing is out by a few months, as it would seem any off-take agreement for MIN/HZR graphite is likely to be early in the new year.
Very encouraged by this announcement if you are holding heads...
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42.0¢ |
Change
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Mkt cap ! $65.58M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.5¢ | 40.0¢ | $47.28K | 113.7K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 97549 | 42.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 29395 | 2 |
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| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| HZR (ASX) Chart |
