MCT 11.4% 3.1¢ metalicity limited

Ann: Soil Sampling completed to follow up 11.65% Cu Rock Chips, page-28

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  1. 1,246 Posts.
    lightbulb Created with Sketch. 420
    Yes it's a bit hard to see how this will pan out, my thought
    is, IF the MCT claim for the $1.2 mil goes our way than MCT
    could have the first call on NMEs (assets).
    Taking into consideration that the IER puts a .003c value on
    NME = to $850k, we could be in with a good chance of taking
    over the whole show. but that would depend on the Administrator
    and what other offers came in.
    The fact that MCT holds 34% of NME and is owed $1.2m,
    I would like to think we had the front running.
    If by chance some other company outbid us, this may not be a
    total loss, at least we may get a JV partner who pay their bills.
    Or maybe have the money to put in a TO for MCT

 
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