Location is brownfield. Lots of permitting completed already based off the last PFS but will need to be updated to incorporate the expanded resource. Assuming MM8 will wait till the updated study is completed before proceeding with any additional permitting/environmental studies etc.
Location wise, Ravensthorpe appears very favourable to mining as demonstrated by other operators in the area. From what I can see, Kundip won't have many hurdles to overcome from a permitting stand point (that they haven't tackled already in the previously completed studies).
MM8 Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
