Ann: Brisbane Industry Resources Presentation, page-25

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AisforApple

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06/05/21

09:57

Post #: 52975209
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Originally posted by stevenjd: ↑

Yes, Flannery not putting hand up for board rep at this point.
And brown sands, that there was potential, with washing for a secondary product spec, indication that it was less contaminated than appearances would suggest.
You see a brown sand, and think, iron ore contamination ?

With regard to resources, people need to put it in perspective.

As long as you can sustain a 1 or 2 mtpa operation, x ABC margin per ton, with our 38mt, on a cash flow basis for 20 years, you are almost the same as if you had 500 years supply at the same run rate.

The market will care about one thing, how much cash flow positive will flow through our coffers for the next decade or two. That is what is going to take this from a micro cap to a junior mid mining stock.

Talked about the supply of high grade silica sands running out, speculated even Mitz may have already taken the cream, so would assume whatever margins there are at present, they are only going to get better as the supply demand driver.

If our shipping routes gives us, a benefit of whatever, 10/t ?? over longer routes, it all adds to the bottom line.

One thing i disagreed with was potential diversifying into Gold / copper. Yes they are the kettles on the stove at the moment, but stay focused. Silica sands is simple dig, screen and ship. Which is why it is attractive.
If they want to diversify, add another silica sands project, or an iron ore DSO asset.
Dont waste the money on fluffing about on some brown fields hunt for what is popular at the moment.

Most gold, copper exploration is a long process to get a mineable resource, and endless capital raising to do so. Keep your eyes on the prize. And believe in silica sands. Diversify into WA silica sands is a far better choice.

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Why WA silica? MLM’s current exploration area is surrounded by the stuff. We are in a port zone and only 800m from a proposed barge ramp location. Our ASX listed silica sand friends in WA are located hundreds of kms from ports and will have to truck and rail product to them. MLM will be the lowest cost highest margin listed silica sand producer with no need to have another operation outside of QLD......

MLM Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
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