re: two bucks by august FedExpress - its mine life is too low at 5yrs to warrant that valuation, sorry, you must be reading a different book from me.
All their mines are open for ore, except Wannaway.
Carnilya Hill will be their next mine and it will be bigger than all the rest, possible put together.
4.75 metres @ 11% is huge! Why do u think Mincor are excited and mobilised another rig to that area.
Work out the turn over for July if they do another 1500 tons at $32,000 OZ a ton, - 33% to BHP, - Costs = Huge.
My calculation is they will have 50 million in the bank and no debt. (including recieveables till 30th June)
Time will tell, but I'm not selling.
- Forums
- ASX - By Stock
- MCR
- re: two bucks by august
re: two bucks by august, page-4
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MCR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online