IR1 9.76% 22.5¢ iris metals limited

Ann: Quarterly Activities and Cash Flow Report, page-69

  1. 3,180 Posts.
    lightbulb Created with Sketch. 753
    Exactly right.

    At no point did the company endeavour to do anything less than a cluster of local deposits to generate enough tonnage for a plant. The company needs to give some clear direction in regards to the Beecher MRE exploration target and due date.

    If we got 15MT-20MT from Beecher with a mining licence is worth a lot more than a $40 mill MC IMO.

    Throw in some tonnage from Tin Mountain. We are starting to get somewhere. 40MT MRE can hopefully be an economic deposit size to warrant a plant and bob is your uncle.
 
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