At today’s price Mongoose I think it is, slow progress on the various projects has certainly impacted share price, however it would seem there’s going to be a lot coming together around the same time.
Battery pilot plant complete end this year that should give more accurate results on efficiency and payback time for the commercial plant they seek to build next year and note the front end bit can shred 50 tonnes of batteries per day, if plant processes 10 tonnes day, looks like they plan to scale up production.
The bulk ore sample to allow DSO should complete testing both here and in China around end 2018 and we hope offtake partner and deal agreed early 2019.
The drill results from 80m down to 260m at Barambie should complete end 2018 early 2019.
The new plant lifting 4% to 6% at Mount Marion completes and comes online end 2018.
The share split planned for March 2019.
The financials show increase in profit, increase in NAV and if the above all work out in next six month or so we should see a better share price in 2019, what’s important is the potential value in these projects in comparison to the shares issued, that’s why I’m invested and long, patience needed, Loop.
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