Australia's largest stock trading and investment forum Australia's #1 stock forum

MYL

Click for more information

0.00%

70.0¢ mallee resources limited

Ann: MYL Investor Webinar, page-61

First 61 Last

Share
Profile

Follow
nosduh1

1,115 Posts.

59

10/08/22

20:49

Post #: 63041815
Share

Originally posted by WesMantooth: ↑

John said they would aim for the most economical output of 1.2mil tonnes though the mill every year. It’s fed in at 1% nickel and recovers close to 80% at the other end into the concentrate. That’s 9600t of nickel in the concentrate that would sell at around $850 per tonne (of the nickel not the concentrate). So $8 million a year cash to pay for the mine and expenses?

what am I miss calculating here?

(Please excuse my ignorance, my brother just got a job with the company and is wondering if he should put $2000 into the CR so I’m trying to work out a rough estimate of per share dividend in a few years)

Expand

where do you get $850 per tonne. Nickel is around $29000 AUD per tonne at the moment.

MYL Price at posting: 70.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

There are more pages in this discussion • 94 more messages in this thread...

First 61 Last

Add MYL (ASX) to my watchlist

SPONSORED BY