Most of those resources you quote you will find are underground resources - and at present, have no hope of economic extraction. This company has yet to secure economic reserves above ground and has a long history about talking about developing a prospect, then a year or two later, talk about another. It actually has less than 10 years from both its current deposits at 10Mtpa extraction rate.
Remember that when you quote resources and production rates, you don't divide one into another like a metalliferous mine. As a result of the metallurgical washing process, in MCC's case, I think they have around a 70% recoverable. Therefore, to mine 10Mtpa they have to have a ROM of 16Mtpa.
MCC Price at posting:
$11.25 Sentiment: None Disclosure: Not Held
