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13.5¢ peel mining limited

and I meant Rob, I just watched that old Roger Moore movie...

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GT55

4,251 Posts.

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13/12/19

14:34

Post #: 41956537
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Originally posted by GT55: ↑

Sarg, MB isn’t economical, Rod explained to me at Noosa in 2018 $20 million was needed to start mining and the operation would break even. The whole idea is to get down to a depth of 5-600m to get some good drilling platforms to explore what they believe is a bigger resource at depth. Drilling from surface is considered too expensive for this project.
This is what he told me.
So it’s not really a mine at this point thats going to kick cash in into either partners can.
I wouldn’t think they will do anything until there’s plenty of cash from elsewhere to write off on exploration.

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and I meant Rob, I just watched that old Roger Moore movie “GOLD” last week so had “Rod” in my head.

PEX Price at posting: 25.5¢ Sentiment: Hold Disclosure: Not Held
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Last 13.5¢		Change 0.000(0.00%)		Mkt cap ! $78.44M

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