MNE 5.26% 3.6¢ metallum limited

Ann: Quarterly Cashflow Report, page-7

  1. 10,619 Posts.
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    Typical report for a ramp-up phase.

    Now the Company (and we shareholders too of course) will want to know if their feasibility calculations were correct and if the 'arrangements' in place (transport, toll treatment etc) go according to expectation.

    We all know it sometimes goes better than planned (Beadle) and sometimes it goes belly up (Discovery).

    IMO mining those 'rich veins' and trucking to an existing toll plant is not rocket science so if there are no hidden tariffs on the way we should soon have a very nice little earner ann.

    Nice one.
 
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