Mate get somein!! DYOR

First 37 Last

Share
Profile

Follow
Agil

469 Posts.

101

26/03/24

09:53

Post #: 73056923
Share

Originally posted by tomboy: ↑

The MIN announcement mentions LJ will be a Li HUB & the massive MILL will be converted to Li production and still used for other byproducts ie Ni Co Mn Cu AU as already discovered in large abundance at LJ.

MIN has agreed to pay a small royalty to POS which equates to $3Mpa at base rate going up to $12Mpa if production reaches Nova levels or 10% of Tanqui levels by IGO
If so that would be around $900Mpa revenues for MIN from POSs LJ MILL/MINES.

What you MIN holders dont realise is the amount and scale LJ represents for POS or MIN nor the investment POS has spent on LJ since 2014 nor the cost LJ incurred to build & develope it byLionOre and Norilsk.

Try $1,400M buddy, forget the pathetic lowball $15M in this cheapskate deal with POS.

The 10 buildings and airstrip alone are a cost of $15M forget the large JORC resources, 1.5MTpa MASSIVE MILL & 3 built MINES nor that high grade Ni mine at EA of 4.1% of 14KT & that Abi Rose new ore body which famous geo Hutchinson jumping with joy declared was a WSA Flying Fox mine but horizontal.

Norilsk spent alone $6.3B buying the LioOre assets in WA and then spent another $1,700M developing and upgrading them with staff camps, buildings airstrip roads, MILL MINE refurbishments. See here-

"https://www. r e u t e r s . c o m › article › idUSL24118275

... buy Canadian miner LionOre . Norilsk on Wednesday increased its bid for LionOre Mining International Ltd. to C$6.8 billion ($6.3 billion), raising the"

MINRES is now sitting on a massive rocket at LJ larger than Nova mine and MILL worth $4,000M to IGO imho.
Just start turnkey production and MILL tolling, kapow.

Expand

Mate get somein!! DYOR

MIN Price at posting: $69.70 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

PTR

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

ALR

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

SNG

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

WMG

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

WR1

Winsome scoping study proposes low-cost operation for Adina lithium project

There are more pages in this discussion • 59 more messages in this thread...

First 37 Last

Add MIN (ASX) to my watchlist

(20min delay)
Last $37.84		Change -0.430(1.12%)		Mkt cap ! $7.436B

Open	High	Low	Value	Volume
$38.54	$38.63	$37.75	$75.53M	1.983M

Buyers (Bids)

No.	Vol.	Price($)
2	581	$37.82

Sellers (Offers)

Price($)	Vol.	No.
$37.88	873	1

View Market Depth

No.	Vol.	Price($)
2	581	37.820
1	26	37.810
7	3727	37.800
3	9986	37.780
2	1680	37.760

Price($)	Vol.	No.
37.880	873	1
37.900	1286	1
37.910	3927	1
37.950	200	1
37.960	4540	1

Last trade - 16.10pm 17/09/2024 (20 minute delay)

MIN (ASX) Chart

Mate get somein!! DYOR

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

Winsome scoping study proposes low-cost operation for Adina lithium project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Mate get somein!! DYOR

Top Stories

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

Winsome scoping study proposes low-cost operation for Adina lithium project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News