Exactly right.
At no point did the company endeavour to do anything less than a cluster of local deposits to generate enough tonnage for a plant. The company needs to give some clear direction in regards to the Beecher MRE exploration target and due date.
If we got 15MT-20MT from Beecher with a mining licence is worth a lot more than a $40 mill MC IMO.
Throw in some tonnage from Tin Mountain. We are starting to get somewhere. 40MT MRE can hopefully be an economic deposit size to warrant a plant and bob is your uncle.
Ann: Quarterly Activities and Cash Flow Report, page-69
-
- There are more pages in this discussion • 56 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IR1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
26.5¢ |
Change
0.020(8.16%) |
Mkt cap ! $35.78M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 26.5¢ | 25.0¢ | $2.839K | 10.75K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17403 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 36000 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IR1 (ASX) Chart |