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Ann: Corella acquires mining storage facility, page-10

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smitdawg

396 Posts.

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09/02/23

15:13

Post #: 66160588
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Originally posted by SaltyWhomper07: ↑

“My thoughts are this was a purchase because it came up for sale recently, not because big news was imminent…” to buy a facility like this just because “it came up for sale” and use approx. 10% of an explorers available cash would be potentially negligent on behalf of BoD and Mgt in my view.

Within the announcement if it’s read in full, it is stated the assays and Scoping Study is imminent, so would suggest there is a string belief in what’s already in the ground (At least Aust’s largest and purest kaolin) and what the assay’s will soon tell us either confirm or add further value to the project.

The Tampu facility is perfect as it immediately for accommodation for development phase, is in a perfect location for wet screen and then transport to port.

CR9 if it goes the distance won't be moving iron ore tonnage so rail as an option is probably not necessary.

in addition, the ease of mining a shallow open pit and the volumes CR9 will possibly mine based on the current market demand means, CR9 should it go into production will most likely campaign mine (continuous mining won't be required) so storage is a huge positive.

Given the continue supply issues for construction materials, permitting / approvals from shire etc, this is an asset purchased at significant ‘unders’ and is a great indication of what the confidence BoD and Mgt have in the project

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100%. You wouldn’t just buy this as it has come up for sale as it’s 4 hours North West of Perth, there’s nothing much up that way and wouldn’t be an easy property to try to resell. It’s essentially an illiquid asset.

CR9 Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $4.185M

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Ann: Corella acquires mining storage facility, page-10

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Buxton projects new graphite province discovery at WA Narryer play

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Ann: Corella acquires mining storage facility, page-10

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Buxton projects new graphite province discovery at WA Narryer play

Featured News

Buyers (Bids)

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