With what's happening in the Murchison region - I have little doubt we are looking at an easy T/O target here.
Although the DFS is based on 64K Ounces per annum - with the right milling capacity this could easily be 80k-100K per annum for 7-8 years. Its nothing to write home about - so to speak - but assuming a conservative 50% premium over the current market cap its cheap as chips!
CMM produces 120K ounces a year and is a 1.5B market cap company.
MEK Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
