MEK 3.13% 6.6¢ meeka metals limited

Ann: Initial High-Grade Oxide Mineral Resource at St Anne's, page-15

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  1. 2,312 Posts.
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    that will be in the PFS and is key to everything. I suspect they have gone conservative on the resource/pit design so to minimise the cost per g/t and keep profitability higher. This will help them secure funding post PFS to go mining.

    570,000 ounces indicated is nothing to sneeze at. $1.4 billion of gold at $2600 price and very conservative $4 - 500 million in EBITDA if my math is correct.
 
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