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2.2¢ metallica minerals limited

Ann: DRX:Diatreme agrees farm-out on Clermont Copper/Gold Project, page-11

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PubLunchMan

5,261 Posts.

408

07/08/21

18:13

Post #: 55110989
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Originally posted by Jongerd: ↑

I assume that transshipment of large volumes of sand by road to port will be a major impediment to any prospective sand miner peers across Australia. Moving 1 million tonnes a year by road would involve 20,000 truck movements per annum (using B-doubles) and may even require road upgrading as part of any mining license approval

I would also assume that MLM's shore to ship movement at Cape Flattery would essentially be by conveyor which gives it such an attractive economic and environmental advantage over its sand mining peers. Go Metallica!

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Great post. Transport isn’t cheap and sand is heavy to cart. $120/hr are current going rates for B- Double cartage.

Mitsubishi owned Cape Flattery Silica Mine have been operating for over 50 years and has provisions to export 10Mtpa. My question is, why are they only exporting 3Mtpa?

MLM tie in with DRX, shared sub holder and leases surrounding CFSM imo suggests a strategic united front has been formed.

DYOR

MLM Price at posting: 3.6¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Last 2.2¢		Change 0.001(4.76%)		Mkt cap ! $21.11M

Open	High	Low	Value	Volume
2.2¢	2.2¢	2.2¢	$4.052K	184.1K

Buyers (Bids)

No.	Vol.	Price($)
5	884950	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	953306	2

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No.	Vol.	Price($)
5	884950	0.022
3	863481	0.021
1	300000	0.020
1	300000	0.019
3	1200000	0.015

Price($)	Vol.	No.
0.023	953306	2
0.024	920848	2
0.025	1446085	3
0.026	71000	2
0.029	100000	1

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