10x multi bagger significant re-rating, page-28

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bonsaboy

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31/08/17

23:36

Post #: 26915187
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Originally posted by bdell ↑

I had a bit of a chat to a bloke from MUS today. Forget his name, been havn some amnesia probs since my stress levels went up a bit after some knuckleheads here gave me crap.

He was a nice bloke and he was in no hurry. We talked about various things and he sure let some cats out of the bag so this is real news not the fake stuff. He said current yield is now 0.5 crts/t (do the maths and it is 207k pa) and also about sites NT01 and NT23 where they found very high grade. He said not to read too much into this because it was only a 2t sample and it could possibly be skewed, ie not a truly representative sample. Non-the-less he said that the 2.2km strike length has now grown to 3.3km which can only be good. I asked whether they intended to use any of this high grade feed between now and the auction and the answer was yes. He’s fairly confident this will assure the 200k or better by auction date.

We chatted about plant operating hours and he explained that the plant operates from Monday to Saturday but due to various stoppages and maintenance stops they generally only achieve around 5 days of plant operation in a 6 day period. Some (bigger?) maintenance jobs are done occasionally on Sundays.

We spoke about the wet season and he explained that while they can access some areas during the wet it is much smarter if they can stockpile sufficient gravel for 4 months. Working in the wet is far less efficient.

There was talk about 2 and 3 shifts along with time frames. While I have heard vague mention of same on here before I was very pleasantly surprised to hear that they would move to 2 shifts first, train up more operators and then start operating 3 shifts all within 6 months. So he is talking production of around 600k crts pa could be happening in 6 months or so. I said I was impressed to which he said but there’s more; they are planning to add something I think he called a rotary pan to the processing plant which sounds like it will speed up the rate of feed through the plant. Maybe also some other additional plant equipment too. He then hit me with an 18 – 24 month production target that had an awful lot of zeros. Bugger this amnesia, I just can’t seem to remember what the first number was. Another glass of his special stress medication and it might come to me in the morning perhaps?

Anyone know what 207k pa would bring at auction pa ? Or 207k x 3 shifts? He did tell me not to expect 100% high quality tho.

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Now my head is spinning. A leak prior to tomorrow EGM, or Bdells hitting the Shitaz with avengence tonight? Great to read though if only half is in the affirmative. Interesting day tomorrow.

MUS Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
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10x multi bagger significant re-rating, page-28

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