MLM 0.00% 3.4¢ metallica minerals limited

Ann: Cape Flattery Silica Sand Project Update, page-2

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  1. 619 Posts.
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    Good update. My read is that there is a another potential offtake partner, on top of the MOU with Mitsui, which is nice work.
    Reference to high grade silica again, which has a significantly higher price than the one used in the initial numbers.
    Downside of course is delays to the DFS - moved to q3, and the EIS requirements taking time.
    The EIS is going to the "big unknown", and will hold the SP down until it is resolved I think.
 
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