The maiden ore reserves for the Western inland strands are impressive.
7.5Mt at 34.3% THM containing 2.6mil tonnes of Heavy metals, it has higher grade Zircon and rutile. along with large percentage of Garnet and Ilmenite.
MRC intends to build a 1.2mil tpa processing facility by September to process this material at a CAPEX of only US$3mil, with expansion in 2025 to an annual capacity of 2.4mil tpa for a modest CAPEX of only US$1.8mil, the increase of capacity will be tied into expansion of the mining right, the EBITDA for the stage 2 is impressive, US$96.1Mil pa.
I am interested to hear if MRC are using the cash from their operation at Tormin and Skaland to cover the CAPEX, or if we are likely to raise the US$3mil to fund the stage 1 expansion.
- Forums
- ASX - By Stock
- MRC
- Ann: Maiden Ore Reserve for Tormin Inland Strand
Ann: Maiden Ore Reserve for Tormin Inland Strand, page-2
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MRC (ASX) to my watchlist
|
|||||
Last
2.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.59M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
MRC (ASX) Chart |
Day chart unavailable