Ann: Quarterly Activities and Cash Flow Report, page-4

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nt0351

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30/07/19

21:45

Post #: 39770536
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Originally posted by jakers: ↑

Almost $1m additional paid in 'legacy costs', right.
Previous PFS documents are virtually worthless as mineralogy and metallurgy is not suitable for proposed flowsheet.
Pits have differing characteristics.
Spodumene is contained in fine grain material.
No more gold income.
Confirmation that previous mining permit announcement was damage control after poster on HC infers they received the mining permit when they did not.
HPGR crusher will be needed.
General Lithium not interested.
Mining for more inferred material.
Looking to sell off rest of gold assets.

Changsha possibly interested.
Possibility of grid power.
Possibly no DMS process at all, flotation only?
Low projected quarterly spend.
Mgmt clearly know what needs to be done & doing it.
Honest reporting, particularly from lithium junior.

Overall not impressed, even the first page has an error re the deposit size (I wish it was 103 @ 1.56%!)

Unless they get an amazing deal for the gold tenements I.e 5Mil+, should be able to comfortably wait for the inevitable capital raising toward eoy to average down.

Only catalysts I see now are Changsha agreement, and the DFS. Both won't happen until H1 next year, they say on track for Q1 but they will have delays, always do.

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you need to calm down , as i pointed out its not as rosy as Malay portrayed but it as bad as you paint it
so at a time when Gold is at over 2k per ounce you think 5 million is all our tenements are worth ?

MLL Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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Ann: Quarterly Activities and Cash Flow Report, page-4

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Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

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