moina is a flop....., page-24

I do not agree with your assessment of Moina meercat, but have separate reservations about the tin mining prospects.

Although it is strange that the resignation of one person would prevent the tungsten project from going ahead (and perhaps this needs further clarification from AD) the capcity to mine fluorspar is certainly something to keep an eye on. This would be a massive bonus on top of what is already a company maker at wonarah. Certainly upside potential at Moina.

However, the assessment of the Tasmanian tin operations at the Royal George, Anchor and Great Pyramid mines certainly is not very encouraging in terms of their potential. This sentence in particular is worrysome and perhaps raises viability questions which should be discussed:

"Last year, and as previously reported, Minemakers engaged the independent consultants,Lycopodium Engineering Pty Ltd, to undertake a conceptual scoping study on the likely
capital and operating costs for stand-alone operations at both of Anchor and Great Pyramid. The study indicated that for each deposit a tin price approximating the current level was needed for an economic return."

That tin prices will remain at record highs is a huge assumption to make, and is far too risky a proposition to justify the commencement of an operation. So does that mean these mines are now obselete? Maybe so, unless there is a significant development in the supply/demand equation that could give certainty to record tin prices. What do people think?

Todays ann IMO raised more questions than it answered especially for Moina, and the tin deposits.