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intelseb

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30/08/23

23:04

Post #: 69649010
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Originally posted by 52570: ↑

Yes . Agree that Mali probably want their own state owned enterprise mining company to take over Morilla. Seems like they did not get their bid to us as soon as they could have?

Its unclear to me how long the striping would have taken and therefor the short term cost? anyhow I reckon that Morilla can still be a good longer term project - not withstanding the short term strip back you mention...But key is that POG - currently sitting at $1964 - just a shade under the $2000. So if gold can move to a longer term $2500 POG, then ...

But my main point is that the mine (including the ore resource) and the fact that we spent a lot of money on the refurb so far - together are in a better 'position' than when we purchased it .

I also think of it this way. If a purchaser buys the mine and plant for lets say $1 and a 1% smelter royalty, then they are just looking at financing that strip back that you point out and restructuring any debt ( which they could do with some/all project level equity).

And so it seems to me that the actual mine and plant are not the primary issue holding back a sale agreement with the Mali Govt.

ALL IMO

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I hope we get an NSR but I'm not getting my hopes up

FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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General discussion, page-9349

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