Ann: Aurora Tank drilling yields new high-grade gold extensions, page-31

First 31 Last

Share
Profile

Follow
392649

541 Posts.

176

21/08/22

21:38

Post #: 63237514
Share

Originally posted by stag11: ↑

There is going to be a big CR when we go looking for the cash to set up a plant. At what price is it going to be a looming question. Of course it also depends on whether the powers that be manage to put a value on the uranium and what ever REE we might have. Something will have to be realized/sold because we just cannot progress 3 projects simultaneously let alone 2. So we either keep all and get diluted big time or progress one project with a view to sell hopefully raising the SP and then do the CR, but we need to get a heck of a lot of work done this year and into 2023. I hope the board can or is up to the task. They are going to have to do a lot more work to get this done than achieved in other years.

If they got on with AT they could get a rig booked and be back drilling this year, it is possible and then the geo's can map out where they want to drill while waiting for it to arrive rather than wait for the geo's and then book a rig.....would save a lot of time. Get Junction dam drilled too to show prospective buyers there is a lot more than 5mlbs and hence more attractive to a big miner......5mlb isn't that much in the scheme of things.

They still seem to push the notion of a free digging the top 60m and the idea this is going to be cheap cash spinner without building a plant. However we know there is gold deeper and the grades go up enough to go support underground mining if necessary. I have yet to see any info on processing the area below 60m it certainly won't be free digging and a crusher will be needed for sure and I suspect a proper plant will need to be built to accommodate the harder rock.

Expand

cash to set up what plant?

the gold will be collected via heap leech (low cost) and no plant needed.

rare earths. now depending on what they find, processing facilities will be required, but what's not to say:

1. processing facilities be shared with nearby companies operating in rare earths ie. petratherm etc

2. our ore can be transported to a 3rd party for processing

3. a new plant could be funded thru our own gold heap leech processing!

Last edited by 392649: 21/08/22

MEU Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

HotCopper Highlights: Your most watched and most discussed stocks this week

Trump is President Again: What Does This Mean for Crypto?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

There are more pages in this discussion • 2 more messages in this thread...

First 31 Last

Add MEU (ASX) to my watchlist

(20min delay)
Last 3.6¢		Change 0.000(0.00%)		Mkt cap ! $39.11M

Open	High	Low	Value	Volume
3.7¢	3.8¢	3.6¢	$12.47K	337.5K

Buyers (Bids)

No.	Vol.	Price($)
2	1443154	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	480415	1

View Market Depth

No.	Vol.	Price($)
2	1443154	0.036
11	1073286	0.035
1	2100000	0.034
1	100000	0.033
1	31250	0.032

Price($)	Vol.	No.
0.039	480415	1
0.040	44407	2
0.041	300000	2
0.042	100000	1
0.043	200000	1

Last trade - 15.52pm 08/11/2024 (20 minute delay)

MEU (ASX) Chart

Ann: Aurora Tank drilling yields new high-grade gold extensions, page-31

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

HotCopper Highlights: Your most watched and most discussed stocks this week

Trump is President Again: What Does This Mean for Crypto?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Aurora Tank drilling yields new high-grade gold extensions, page-31

Top Stories

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

HotCopper Highlights: Your most watched and most discussed stocks this week

Trump is President Again: What Does This Mean for Crypto?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News