MKR manuka resources ltd.

Research Report, page-5

  1. 3,102 Posts.
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    I think they need to map out their resources better before they go down the second plant option. IMO there is no sense trucking it 150KM or whatever it is unless it is just going to be a small operation. If they can find enough gold out east then it makes sense to put down a plant over there. There is a good chance they will find some gold in their western COBAR licenses so I think it is best to just process that silver stockpile they have AND the gold at Mt Boppy Sth before considering on the second plant or major upgrades.

    By that stage they will likely have 50-100 million in CASH and a better mapped out resource to make that decision. An upgrade at Wonawinta so it can process 1.6-2 million tonnes per year should be on the cards too since that ~40M ounces they have in lower grades will be profitable once silver goes up. Combined with whatever else needs to happen to process the silver sulphide ores they are about to announce.
 
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