A good look at the recent announcements do confirm MMI are high grading the deposit. Xinfa is being delivered at 9.5% Silica (BH1) as stated in 2017 Resource statement.
However, Metro is a bauxite grade at 12% Silica maximum in the current Reserve statement.
Big problem is when you back calculate what is left in 2031 (45.4 Million Tonnes) it is not just above 12 % it is infact 14.7 % to get the 13% total Reserve Silica grade stated. The statement that there will be some uncertainty in marketing material above 12%......yet classified it as Proved Ore Reserve?
To discount sale price above 12% Silica at $1/tonne US....in that basis why not mine at the entire Reserve grade now??
So in summary MMI are Mining the best they have and unfortunately that is in short supply.
Over to you DaisyA
A good look at the recent announcements do confirm MMI are high...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MMI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.5¢ |
Change
-0.003(6.25%) |
Mkt cap ! $267.2M | |||
| Open | High | Low | Value | Volume |
| 4.8¢ | 4.8¢ | 4.5¢ | $117.3K | 2.536M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 679618 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 479738 | 4 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| MMI (ASX) Chart |