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Share Price: 0.185

Bid: 0.17

Ask: 0.20

Change: 0.00 (0.00%)

Spread: 0.03 (17.647%)

Open: 0.185

High: 0.21

Low: 0.185

Prev. Close: 0.185

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IN BRIEF: Strategic Minerals Says Leigh Creek Funding Needs Lower

Mon, 09th Nov 2020 14:35

Strategic Minerals PLC - Leigh Creek copper mine in South Australia - Following review, says project funding requirement reduced to USD2.2 million. Total project pretax cash rises by USD5 million to USD35.4 million, giving a net present value of USD26.7 million. "Asset level funding discussions continue and additionally include the option to fund via an ASX listing or pre-IPO offering," Strategic adds.

Current stock price: 0.37 pence, down 14% on Monday

Year-to-date change: down 46%

By Eric Cunha; ericcunha@alliancenews.com

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