Align r well up on events,visited other project KZG, little surprised sold some unless feel reached level they feel is high enough at this stage,volume appears to have gone.all guess work. DYOR.
Onwards and both upwards and downwards as the case may be". Meaning last words relating share price, sounds very confident PL has big holding too, feel markets in time will recognise low market cap and will move too new level,await trading update.
Not graph person really share price wise but since 6 months ago when price sitting at 1.5 appears to be trend upwards and 2.5 looks near over coming weeks.
Phase 1 is the near-term opportunity provided by the pending acquisition of an existing 7.5MW smelter, where an acquisition deal has been agreed. To start the mine and buy the smelter will require R300 million ($20 million). The team is also looking at building its own smaller 5MW smelt on site which would coume with a similar costs. Either of these moves would serve to begin to unlock the project’s undoubted potential.
project has a JORC-compliant resource of 56.3Mt grading at 68.6% Fe2O3, 14.7% TiO2 and 1.12% V2O5. When in operation, this should attract a lot of attention as it would be the first project in South Africa that is capable of producing high purity iron (HPI), vanadium and titanium.