Nice move up is share price recently for MMA.
This 2017 Cannington announcement says "The Mineral resource inside each stope is considered for Ore reserve should it have 30% of its total mass as Inferred mineral resource". (Note recent South 32 Cannintong AISC I believe is around 150US/dmT and they are digging deep) https://www.marketindex.com.au/asx/s32/announcements/cannington-mineral-resources-and-ore-reserves-update-6A847947.
This seems logical, as SEDEX depsosits are so predictable. So does that mean by the same standards, MMA's silver/lead starter zone is not far from being ore reserve? MMA has 19% as indicated vs >30% South32 target.
The value of MMAs 32Mt of silver/lead is 218.5 USD/dmT. Nice profit when you compare that to the AISC of 150USD/dmT that Cannington is currently achieving. MMA also obviously will have a vent core of higher grade and wider intercepts.
Ann: Strong Maronan Resource Review and Maiden Indicated Resource, page-48
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MMA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
25.5¢ |
Change
0.020(8.51%) |
Mkt cap ! $51.31M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.5¢ | 24.0¢ | $21.24K | 85.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 62498 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| MMA (ASX) Chart |