With MRC mining the virgin beaches 1-5, I haven't found any information on the grades located at beaches 1-5, I am just going to assume they are 22% THM, where their grade could be significantly higher as Tormin beaches virgin grade was 50%. We should see an average grade of 15% from these areas, It also appears MRC has continued to mine Tormin beach which has a THM of 7-9%.
The average for the QTR should be around 12% which will be in line with September's 2021 QTR production - Likely to produce around 60kt of HM.
If MRC mine manager targets the area's from MRC annual mineral resources that were released in December, The average should be closer to 15% THM, which would be nearly double the March QTR 2022 production.
What are everyone's thoughts on what would be a good QTR production? or will we view the QTR results based on the debt/cash balance?
MRC really needs to get the inland strands processed sooner rather than later if they don't achieve an average grade of at least 12% for this QTR, fuel costs will be significantly higher than previous QTR's / Years due to the current price of oil.
MRC Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
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