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5.26%

3.6¢ metallum limited

I can only hope that ASIC is asking exactly these Qs and more....

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Pro tempore

383 Posts.

3

12/02/16

09:41

Post #: 17002165
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Originally posted by mackyinoz ↑

Surely a profit can be made from a small low ton, high grade CU/AU deposits, simple cost effective mining managed by an competent engineer and a geologist on the ground, low labour cost.

What about a consolidation of 10-1?
How much does a simple low ton mill cost in Chile? I bet they could quite easily pick one up for a song, maybe Zeff and Co already have a mill in waiting.
Drill the lenses first, before committing to mining the projects?

WTF happened to all the equipment, accommodation block, all of the high grade material and that drill rig arriving soon? All of the ore still stuck in the stopes?

I find it very hard to believe the projects are worth zip.

Don't forget Paydirt also covered this mob, I haven't purchased there magazine since.

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I can only hope that ASIC is asking exactly these Qs and more. The whole thing smells. That siad, Happy C is right that if enough SHers got together beating a 'nominal offer' of $1 should not be hard. The issue is opportunity v more money down the drain, so what, if any appetite is there for such a move?...Pt

MNE Price at posting: 0.1¢ Sentiment: Hold Disclosure: Held
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