It is well worth going through MRC's old announcements and their five-year plan for Munglinup/downstream processing.
The cost to move forward to 90% is only under $2mil AUD, which is extremely cheap for a project that has an NPV of US$111 mil ($172mil AUD)
Maybe Gold Terrace's issue is the limited amount of funds they will be granted due to the lower SP in MRC. It's only another 10mil shares $260k worth of shares payable to secure 100% in the project.
with FID expected by the end of the year, the drama between the dispute will be interesting to watch.
Ann: MRC notice to increase interest in Munglinup Project to 90%, page-3
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Last
2.4¢ |
Change
0.001(4.35%) |
Mkt cap ! $23.62M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.4¢ | $1.227K | 51.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 60840 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 2.4¢ | 376250 | 3 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
2.4¢ |
Change
0.001 ( 9.09 %) |
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| Open | High | Low | Volume | ||
| 2.4¢ | 2.4¢ | 2.4¢ | 1833 | ||
| Last updated 14.07pm 14/06/2024 ? | |||||
| MRC (ASX) Chart |