MM8 1.89% 5.4¢ medallion metals limited.

Right now I would think various mid cap cashed up aussie miners...

  1. 3,136 Posts.
    lightbulb Created with Sketch. 788
    Right now I would think various mid cap cashed up aussie miners are having a look through the PFS for Ravensthorpe for any red flags.
    As on paper it looks pretty sound, a payback of ~3years, reasonable infrastructure in the vicinity, and a 9year LOM for 777k oz recovered over that period (with some more work required to validate recovery rates).
    For a seasoned mid cap (with proven record for developing mines) and I think MM8 presents an attractive option to add ~80k-100koz/pa (for 9years) to your production profile. Many of the these companies are sitting on $250m plus in idle cash,.... so they could lob an all script offer for MM8 shareholders then use the idle cash to fund the ~$163m capex costs.
 
watchlist Created with Sketch. Add MM8 (ASX) to my watchlist
(20min delay)
Last
5.4¢
Change
0.001(1.89%)
Mkt cap ! $16.61M
Open High Low Value Volume
5.4¢ 5.6¢ 5.4¢ $6.1K 110.7K

Buyers (Bids)

No. Vol. Price($)
1 30228 5.4¢
 

Sellers (Offers)

Price($) Vol. No.
5.6¢ 141316 1
View Market Depth
Last trade - 15.27pm 28/06/2024 (20 minute delay) ?
MM8 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.