MLX 1.23% 40.0¢ metals x limited

Ann: Quarterly Activities Report, page-23

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    RIO Winu report out. 500m tons (Big!) but at av. 0.45% Cu, 0.27g gold. Fairly shallow beneath cover. Suit large scale open cut. Some very interesting thick high grade gold intersections in a line a few Kms east from Winu. Early days though.

    Nifty open cut 23 m. tons but 1.24% Cu. Plant already there. + Maroochydore.

    Winu looks like some of the Andes deposits. Big with scale economies but low grade.
 
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