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2.7¢ goldoz limited

Ann: Mustang Recovers 460cts from Plant Startup-MUS.AX, page-58

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LetsTryAgain

1,797 Posts.

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31/10/16

09:04

Post #: 20239748
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Originally posted by Davisite ↑

I am not disagreeing with this assessment, but it doesn't look very intelligent. Surface mining of gemstones is not the same as other minerals. We don't need a JORC to know MUS have viable commercial deposit and they can be cashflow positive from tiny processing volumes. All the other typical mining problems like transport, processing and marketing are minor issues. Expecting ruby mining to be like iron ore seems strange.

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Of course its the same as other minerals, eg alluvial gold mining. Companies have to prepare a JORC resource for alluvial mining operations. All I am saying is that the market will wait for a JORC resource before it marks up the MC of MUS to any significance.

MUS Price at posting: 3.2¢ Sentiment: None Disclosure: Not Held
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