MMX 0.00% 4.7¢ murchison metals ltd

JH is not viable if OPR is not built.For the mine to be viable...

  1. BT
    377 Posts.
    JH is not viable if OPR is not built.

    For the mine to be viable you need rail and port infrastructure,at the moment it is just a stranded deposit, current small operation will come to an end next year.

    The sale price in my view is a good deal .

    Look at Flinders deal, equates to 60 cents a ton for a better grade and DSO, not to mention rail and port on their door step which is just a matter of dealing with FMG or RIO, MMX are getting 20 cents a ton for a low grade stranded deposit.

 
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