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.
MRC Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
