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3.4¢ metallica minerals limited

Ann: Cape Flattery assay results confirm high purity silica sand, page-26

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joca

1,824 Posts.

157

11/02/21

15:36

Post #: 50902912
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Originally posted by jb2020 ↑

MLM MCap indicates there's a lot more upside to MLM than others at present time.

$13m Cap quite low relative to value of current inferred resource 13Mt @99.3%

MLM have the distinct advantage of not requiring the expensive transport inputs $20-$25/ tonne. So can ship present quality as DSO with minimal overheads.

The other guys need to process to get to profitability ( $25/tonne transport chews a long way into 99% grade prices) so other Silica ASXers will have to build processing plants. (also requiring significant CAPEX $30m and OPEX quoted at $15/tonne elsewhere)

But the Silica Sand Quality is commensurate amongst all players. Resource size different but the limits to export seem to be 2MTpa for all players .

2million tonnes is a lot of trucks and trains and barges....50t/load in a triple = 40,000 truck movements = 800 trucks per week = 150/day = 20/hour
Even if it's costed it's a significant logistical ongoing requirement.

MLM is on a traditional SiO2 Shipping Supply Route. (Next to World's biggest SiO2 miner and exporter)

MLM are presently undervalued IMO.

hold tight and bring on the resource upgrade

Expand

What does silica sand of our quality worth per tonne??
Are there any sites that show the Daily price??

MLM Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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