Hmm ...looking at Moreton's last (December 2019) Quaterly, looks like they had about 1.5m tonnes of ore stacked or ready for the pad set for immediate processing.
From the Operational Comments:
Total ore currently stacked ready for irrigation is approximately 550,000 tonnes. There is further 1,000,000 tonnes of existing Ore that is planned to be restacked and PH corrected to allow for further leaching operations, a result of a significant step change in leaching operations and silver concentrate production.
Plus note, in addition to the 5 exploration tenements (EPM’s) and 1 mining lease (ML) all inventory, permits, plant and equipment - in-situ crushing, screening, stacking, treatment and refining facilities - are all part of the Jadar deal as well.
That kit is probably worth about $15m on its own. And it's ready to roll.
A practically turn-key operation, with stacks of upside ...and Jadar to pay a total consideration of only AU$500K cash.
Silver moving up. JDR with none of the debt - or stranded coal assets - of MRV.
What a coup!
Ann: Jadar to Acquire the Granite Belt, Qld Silver Mine, page-6
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