MM8 1.85% 5.5¢ medallion metals limited.

Wow ok - we'll have to agree to disagree there on the...

  1. 591 Posts.
    lightbulb Created with Sketch. 293
    Wow ok - we'll have to agree to disagree there on the results.

    Not sure why the comparison to NVA but welcome to invest over there if you like their story. For reference (and comparing apples with apples), at a 0.5g/t cutoff (MM8 report at 0.5g/t), NVA have around 1moz (not 4.7Moz)... ie: If MM8 were reporting based off a 0.15g/t cutoff, their resource size would be multiples of where it is now.

    That being said, deposit style, mine design, capex required, location, permitting, infrastructure, mineral credits, AISC's, competence/experience of board and numerous other tidbits are all needed to be taken into consideration when comparing apples with apples (company wise).

    On the topic of comparisons, Silverlake just made an offer to take over Apollo with 1.2g/t for 1.1 million ounces at multiples of MM8's current share price: :O

    https://www.rameliusresources.com.au/wp-content/uploads/bsk-pdf-manager/2021/10/211015-Project-Tokyo-Transaction-Announcement-FINAL.pdf

    The goal right now is just to expand the resource which in turn, adds value to the company. If they find something big along the way, it'll just be cream on top.
    Last edited by chilledpain: 21/10/21
 
watchlist Created with Sketch. Add MM8 (ASX) to my watchlist
(20min delay)
Last
5.5¢
Change
0.001(1.85%)
Mkt cap ! $16.92M
Open High Low Value Volume
5.4¢ 5.6¢ 5.3¢ $46.39K 860.7K

Buyers (Bids)

No. Vol. Price($)
3 530921 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.6¢ 45388 1
View Market Depth
Last trade - 15.55pm 16/08/2024 (20 minute delay) ?
MM8 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.