The ratio of market caps for MIN and ESS is irrelevant to the pressure for MIN to do a deal with ESS. MIN has an urgent problem with a recently upgraded treatment plant which is losing money because of the deficiencies in their current ore supply. It would appear that ESS offers a solution to this urgent problem. The relevant capital amount is the amount MIN has just invested at Mt. Marion which is not produdcing many return.
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Currently unlisted public company.
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SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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