It is well worth going through MRC's old announcements and their five-year plan for Munglinup/downstream processing.
The cost to move forward to 90% is only under $2mil AUD, which is extremely cheap for a project that has an NPV of US$111 mil ($172mil AUD)
Maybe Gold Terrace's issue is the limited amount of funds they will be granted due to the lower SP in MRC. It's only another 10mil shares $260k worth of shares payable to secure 100% in the project.
with FID expected by the end of the year, the drama between the dispute will be interesting to watch.
It is well worth going through MRC's old announcements and their...
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