Two directors of Macro own over 50% of the Mining Project They have then given a contract for the entire project to Regroup Who then give the basically the entire Mining Contract to Macro minus the Haulage And people think this is normal business standards
Yes Regroup do Haulage but they are currently doing open pit mining so why would they subcontract any mining work out to Macro Macro are going to charge cost plus 15% which one would assume the rental mining equipment would come from Paramount as Mr. Tilley is a major shareholder, so expect costs to be high as other mining contractors own / finance equipment rather than rent to keep there costs low
And after all that they are going to have to beneficiate 54% ore to upgrade it to a decent grade to haul it over 300km to Utah where Utah is pretty constrained currently and a lot of Juniors are begging for access
M4M Price at posting:
1.0¢ Sentiment: Sell Disclosure: Held
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