MNE 5.26% 3.6¢ metallum limited

Been watching this for a while, but one key thing is missing in...

  1. 137 Posts.
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    Been watching this for a while, but one key thing is missing in the project, the right stratigraphy. Without the right host rocks, these thin veins remain just that. The big IOCG systems have more than just massive granodiorites, they have suitable host rocks (overlaying volcanics) where the fluids can permeate and develop big orebodies. These veins are the deep part of the system, and the veins are thin, yes they are high grade, but, that will be it. So be satisfied with the small high grade tonnes, hope cash flow from the small existing operation can support exploration within the wider coastal belt of Chile and Peru, and the company get get their hands on a project that can yield a big, fat, cash cow!

    All IMO
 
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Currently unlisted public company.

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