1MC 3.03% 3.2¢ morella corporation limited

Ann: Stage 1 Operations Update, page-61

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    Looks as though they have varying consultants on board to rectify the DMS/recoveries issues John which is good news and a proactive apporoach by management. Must be damn hot in site atm so no Henry’s to be seen, but well done to site personell.

    At least we have at least 1 ship leaving port per month for this commissioning phase, proven high quality product (6.1% avg), one of the closest ports to Asia, solid offtakes (now) and abundant high grade plant feed (lowest hard rock strip ratio in production) already locked in.

    The plant is the last puzzle peice and is purely mechanical, so issues can be fundamentally rectified and sounds like they are now. Not perfect but purely temporary so has to be noted accordingly for serious holders. GLTAH
 
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