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15.5¢ red metal limited

Ann: Maiden Trial MREC Product From Sybella REO Ore, page-55

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Giovanni33

2,310 Posts.

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19/07/24

15:40

Post #: 74831425
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Originally posted by PhillW: ↑

Not much copper there but I suppose the little that is there may be problematic. Havieron has the same amount as MMA. I was at Newmont just after the Normandy takeover. The gold price was hovering around the $250oz region and the only minesite in the Australian operations keeping them afloat was Golden Grove. Newmont sold GG about 3yrs later so they have shown from past actions that Cu/Pb/Zn are of no interest to them. But, when times get tough for PMs in the years to come, it is those base metals that will save the day. The iron ore companies all either have copper or are looking for copper. Havieron is really a gold mine with copper credits. The lack of high tonnage copper makes it unattractive to the majors. Yarrie, we need a large copper discovery potential to keep BHP interested.

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What initially made me interested here was not sybella but our landholding in the Gawler craton.

RDM Price at posting: 16.0¢ Sentiment: None Disclosure: Held
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Last 15.5¢		Change -0.005(3.13%)		Mkt cap ! $47.92M

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16.0¢	16.0¢	15.5¢	$22.37K	142.3K

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Price($)	Vol.	No.
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