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

MRC

Click for more information

0.00%

2.6¢ mineral commodities ltd

Well stated mate. Appreciate the info youput there. Let's...

First 7 Last

Share
Profile

Follow
wgdt72

3,038 Posts.

145

15/05/24

10:54

Post #: 73831401
Share

Originally posted by spid81: ↑

Hi Wgdt72,

There was no need to mention Au Mining, MRC has already announced that they are willing to provide $800k to cover the payment required to Gold Terrance and the resolution has been forward for approval at the AGM which is expected to be held later this month.

I do agree with you, Gold Terrance wouldn't want to lose the project for only $800k payment of 30mil shares valued at 2.2 cents ($660k)

The agreement also states MRC can secure the additional 10% for only 10mil additional shares ($220k)

Considering the project's NPV was US$111mil (based on higher graphite prices than the current spot price) I don't blame Gold Terrance for trying to put up a fight when the project's only requirement left is obtaining the final EPA approval from the WA department.

BTW, you should also note the NPV was based on the 14-year mine life plan, this was determined before MRC conducted additional aerial surveys and I believe additional drilling, which should increase the mine life.

Anyway, Securing the additional 49% of the Munglinup project based on the previous agreement is only $1.68mil AUD.

Expand

Well stated mate. Appreciate the info you
put there. Let's see if the outcome aligns with that and shake it from there.
1 Upvote

0 Great analysis

Reply

Top Stories

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

CBA breaks trading record on strong day for Aussie financials

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

There are more pages in this discussion • 3 more messages in this thread...

First 7 Last

Add MRC (ASX) to my watchlist