Ann: Malachite in Discussions to Develop Lorena Gold Project, page-18

First 18 Last

Share
Profile

Follow
Mickeymouse

3,582 Posts.

36

12/04/15

18:40

Post #: 15072828
Share

Originally posted by griffithdale ↑

Wow, interesting comments, so thought I would add some.

From my understanding the BCD funded gold concentrate plant is almost complete and unfortunately, that is all the plant can produce is gold concentrate. It needs either BCD leaching and electro-wining plant in Tasmania or build their own. With BCD in its current state, possibility exists it will not be them. Yes the gold concentrate could be toll treated by another gold producer but dependent where they are the freight cost could be high. Having said that getting it from outback Qld to Tassie was never going to be cheap anyway.

For MAR to add the necessary leaching and electro-winning circuit would take in my estimate at least a year from design concept, approval, build and commission. So initial third party treatment produces the fastest way to get the gold out of the ground.

My view of waht MAR are doing and in my opinion doing correctly is to:

1. See if there are any other parties who may come along, buy out BCD and finish the existing plant and maybe build the leaching circuit and electro-wining plant. I think this is what all the discussions is about.
2. Raise capital as they are planning to do and use it for exploration. I see this as a clever move as they want to expand the considered resource base to a confirmed resource base close to the existing plant. By doing this they will show a bigger resource and therefore more parties will be interested in a JV.

So, personally, I will participate in the SPP, and allow MAR to be more of a gold explorer again for a while and not worry about being a gold producer at this time. Once a bigger resource is confirmed (which hopefully will be the case) then the income potential for the company increases and the SP should also reflect this. It also saves them spending income at a later date to fund more exploration as the capital raising will pay for it.

Expand

i like your comment sounds postiive, but i was hoping for production ...if they do go down the path of doing some exploration in the meantime... roughly how long would we be talking until production resumes( as a prue guess i kjnow theres alot of variables).. are we talking years?

MAR Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

QGL

Quantum Graphite snags new exploration licence in SA ahead of maiden drilling

LML

Lincoln Minerals to kick off fieldwork at Yallunda uranium project in the nuclear state, SA

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

WML

Woomera kicks off 2-pronged drilling at Mongolia's Bronze Fox Cu-Au play

TNC

True North shares jump on positive activity report as Cloncurry aims for Q1 production deadline

There are more pages in this discussion • 5 more messages in this thread...

First 18 Last

Add PNM (ASX) to my watchlist

(20min delay)
Last 2.4¢		Change 0.000(0.00%)		Mkt cap ! $10.10M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Ann: Malachite in Discussions to Develop Lorena Gold Project, page-18

Quantum Graphite snags new exploration licence in SA ahead of maiden drilling

Lincoln Minerals to kick off fieldwork at Yallunda uranium project in the nuclear state, SA

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Woomera kicks off 2-pronged drilling at Mongolia's Bronze Fox Cu-Au play

True North shares jump on positive activity report as Cloncurry aims for Q1 production deadline

Featured News

Featured News

Ann: Malachite in Discussions to Develop Lorena Gold Project, page-18

Top Stories

Quantum Graphite snags new exploration licence in SA ahead of maiden drilling

Lincoln Minerals to kick off fieldwork at Yallunda uranium project in the nuclear state, SA

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Woomera kicks off 2-pronged drilling at Mongolia's Bronze Fox Cu-Au play

True North shares jump on positive activity report as Cloncurry aims for Q1 production deadline

Featured News

Featured News