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Ann: MRC notice to increase interest in Munglinup Project to 90%, page-31

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Stussy68

262 Posts.

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21/04/24

14:42

Post #: 73444466
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Originally posted by spid81 ↑

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.

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How is this 5 year plan going so far do you think. We know how snooty you get when companies don't meet their forecast deadlines.

MRC Price at posting: 2.6¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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