The mine also has extensive copper and zinc resources and has significant exploration potential for additional resources. Throughout the deal he has had the advantage of support from the Finnish conglomerate Outokumpu, which has smelting facilities in Europe and will seek to tie up off-take agreements for the concentrates from Neves Corvo. As yet the Murchison share price, at 55p, does not seem to have fully appreciated the potential of this deal. This is about double that achieved at the interim stage last year so the timing is good. Neither of them raised any money over here, which was a false economy as it meant they listed to an almost complete silence.
Brokers certainly know how to charge for raising funds, but it is worth it.
Shrewd investors will buy the stock in Australia before investors interest over here is aroused.