I think you are correct on your assumptions Trigger , the adsorption tanks are probably not there or stuffed guessing the only thing of value is the ball/SAG mill (and maybe a TSF like you mention ) which is at least having it as a long lead time item , means that would shorten the time frame in going from FID to mining if it is in reasonable condition
However ideally , Really need consolidation in the area between AME, AUN, AUC, KAI and RXL , to pool the resources , get a critical tonnage of ore , at a reasonable grade ie 30 Million tonnes , build a 1.5 to 2.5 Mtpa plant and then start mining the higher grade lower strip ore first, of around 1.5 grams a tonne to get a decent payback for investors .
Alternative is another Kirkalocka scenario old mine plants are inherently past their use by date for a reason ,
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I think you are correct on your assumptions Trigger , the...
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Last
3.9¢ |
Change
-0.001(2.50%) |
Mkt cap ! $17.66M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 3.9¢ | $12.65K | 319.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 84811 | 3.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 84811 | 0.039 |
3 | 254000 | 0.038 |
2 | 153055 | 0.036 |
2 | 340000 | 0.035 |
2 | 104901 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 100000 | 1 |
0.044 | 214361 | 2 |
0.045 | 103333 | 2 |
0.046 | 234354 | 4 |
0.052 | 33846 | 1 |
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MAGNUM MINING AND EXPLORATION LIMITED
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