The sale of TLM’s 30% stake in the Monty project (and Springfield tenement) to SFR created vigorous debate on this forum, I’m not wanting to revive those debates but I am curious to keep an eye on the mining of Monty and what it yields for SFR.
I thought I would start a thread that could monitor the mining of Monty by SFR and possibly be updated If & when SFR report on the project.
The March SFR Qtrly reported from Monty: 38,519t of ore. 3.74% copper. No info on any gold content/credits. 38,519 x 0.0374 = 1,440Kg contained copper.
Price of copper is about USD $6 p/kg so ballpark USD $8.5m or AUD $12m of copper from Monty for the Qtr.
SFR note their cost of production is around $3 p/kg so ballpark cashflow from Monty AUD $6m for the March Qtr.
TLM Price at posting:
8.5¢ Sentiment: None Disclosure: Not Held
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