RE: Today's metal prices.....12 Aug 2019 07:59
Oiltap,
I also think that the 23m tonnes is surpassable as you say we remain open at depth. The JORC estimate I believe was also at 2012 prices so I think it is fair to say we can possibly see a significant upgrade shortly being announced to the market.
The fact that we go from inferred to indicated and don't have the ASX to worry about anymore should see a RNS with financials.
Going on the $402m sale of SASA as you say, take $100m off for mine cost then thats still almost 3 x the NPV of our last 2012 JORC. Going forward one of the main reasons I invested initially was the Location of Toral, politically stable country, with facilities at hand and great road infrastructure to local smelters.
Looking back on the buys over the last couple of months there are no huge buys ie 50m plus, so it suggests to me it was either NT, or new investors have taken smaller positions or are accumulating as even small volumes seems to move the SP quickly.
Lets hope for news soon to unlock this, maybe even this week.
GLA