I think your previous Mgmt made the fatal mistake in running the processing plant with stockpiled ore only, blowing all your cash on production, using crap low grade stockpiles in just the hope of making a profit..
MMC strategy is completely different ..
they plan to keep the plant closed & use all funds on getting the resource upgraded massively to 100 million ounces & only turn the processing plant back on after silver prices catch up to gold..
you guys were pretty close to making a profit using low grade stockpiles with a crap $23 silver price too..
so can you imagine how profitable it will be when silver price just gets back above $25 and they actually process fresh high grade +200 got ore.
this ugly duckling will suddenly turn into the golden goose if silver price gets anywhere near $30
I think your previous Mgmt made the fatal mistake in running the...
Add MMC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
70.5¢ |
Change
0.065(10.2%) |
Mkt cap ! $78.95M | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 72.0¢ | 65.0¢ | $516.3K | 749.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 68.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 71.0¢ | 3703 | 1 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
|
|||||
|
Last
70.5¢ |
Change
0.065 ( 9.90 %) |
||||
| Open | High | Low | Volume | ||
| 65.0¢ | 72.0¢ | 65.0¢ | 198158 | ||
| Last updated 15.43pm 06/06/2024 ? | |||||
| MMC (ASX) Chart |