HMX 0.00% 3.9¢ hammer metals limited

Ann: Commencing Preliminary Discussions, page-25

  1. 1,044 Posts.
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    yep, thats crazy.

    Hammer cant get Kalman off the ground without $10,000,000 spent on studies and drilling according to Dan. Carnaby have the money and over 300,000 tonnes of copper to add to the story. Combined they meet Dans 30,000 tonnes per annum copper production from 600,000 tonnes or more of copper reserves.

    Mount Hope, of Carnaby, has a fairly short strike length but great extension to depth. It would probably be better mined with a shaft meaning that Carnaby dont need Hammer until the ore crosses the tenement boundary somewhere below 800m

    DYOR Not investment advice
 
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