The ore sales deal TLM secured under the JV is actually very good. A reasonable ore treatment fee being charged by SFR, full exposure to metals pricing (has gone up about 10% since PFS) and TLM should take around $60 mill after costs from the resource with a bit of upside there because the resource remains open & more drilling to come.
But the market doesn't even want to value TLM at the cash coming their way, probably because it's viewed as a once-off that may simply be burnt rather than a long term business model.
The ore sales deal TLM secured under the JV is actually very...
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.383M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1337500 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 393286 | 2 |
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| Last trade - 16.12pm 26/11/2024 (20 minute delay) ? |
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