Right now ,there is more than 50,000 tonnes of Tin sitting in the Bluestone surface leach pad,tailings dam.
Cut of grade is 0.4%
This need no mining ,no drilling ,no blasting and no underground haulage.
This is what's called Rentails.
The management is working in employing the cash to process this right now.
As we speak ,there are two independent feasibility studies being conducted on the best possible metallurgical method of extraction.
In conclusion, hundreds of million of dollars worth of stockpile sitting in our backyard just waiting to be processed.
Give you an estimate,last time they did a scoping study (almost a decade ago now) the price tag to get this up and running was $200 million for the project.
Arent you glad we have the cash in hand now ?
MLX Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
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