MRD 0.00% 0.1¢ mount ridley mines limited

Now that my annoyance has subsided at this announcement not...

  1. 142 Posts.
    lightbulb Created with Sketch. 51
    Now that my annoyance has subsided at this announcement not being released as price sensitive (@#$% BOD what were you thinking!) I have had a chance to look over the announcement again and it's not as bad as my initial sentiment towards was.

    Firstly, remember TREO is just useless number that people like to throw around as most of those rare earths are worthless. It's only the MagREO that we're interested in and this is where our numbers are not bad. Highlighted yellow numbers actually stack up quite nicely. Assuming a 5mtpa mine that gives us a 16yr / 10yr mine life, not great numbers ideally want 20 plus. Our resource is still open so it can be expanded on but it's those MagREO numbers that are actually not so bad.

    https://hotcopper.com.au/data/attachments/6191/6191019-92ff0565e2205fada204e13e2d7a718b.jpg
 
watchlist Created with Sketch. Add MRD (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.