Australia's largest stock trading and investment forum Australia's #1 stock forum

EXU

Click for more information

0.00%

17.0¢ explaurum limited

If EXU produce from Mace onsite they won't need to truck it will...

First 23 Last

Share
Profile

Follow
subi1

8,386 Posts.

886

13/12/18

13:45

Post #: 36847755
Share

Originally posted by tangs ↑

Originally posted by Davisite
Yep. It will fix RMS's short term problems with EM and they then get Tampia and all the rest of the ground thrown in almost for free. This is certainly a good deal for RMS. In an ideal wold I would have liked to see EXU go it alone, but right now nobody in the market seems interested in supporting developers. If this deal gets up I will be holding onto my RMS shares.
After what we've seen so far it's clearly early days at Mace with lots of drilling out needed , then feasability and approvals .
Marda has a defined resource and I think mining approval so Marda and underground at EM to happen well before Mace .(Underground ore starts to come in next quarter to be blended with low grade stockpiles .)
Not to say Mace ore won't be handy but how the hell can it happen short term ?
And of course the grade will need to be shown higher or it just won't be truckable .

Expand

If EXU produce from Mace onsite they won't need to truck it will they?

I am voting for Alkane.

EXU Price at posting: 11.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 14 more messages in this thread...

First 23 Last

Add EXU (ASX) to my watchlist