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4.3¢ morella corporation limited

Ann: Resource and Reserve Boost Adds Years to Lithium Project, page-43

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Guido21

2,161 Posts.

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29/05/18

08:39

Post #: 33345537
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Originally posted by rizzla ↑

I sold on this news. A disappointing result imo. Not a material addition and the grade cut-off was altered to likely further boost what would have been an immaterial result. Overall grade quite low as well at a shade over 1%. while it will still get beneficiated to 6% no problems, the lower grade feedstock means they'll be mining more rock for their tonne of concentrate than the others, which will add to mining costs per tonne.

better opportunities elsewhere, although i'll be looking to get back in before any takeovers!

i'd put AJM at the bottom of the 6% producers now. was hoping for a better resource to underpin this phase 2.

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Gives you money now to invest more in AVZ, seems it’s your preferred lithium company.

AJM Price at posting: 37.5¢ Sentiment: Buy Disclosure: Held
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