Nice move up is share price recently for MMA.
This 2017 Cannington announcement says "The Mineral resource inside each stope is considered for Ore reserve should it have 30% of its total mass as Inferred mineral resource". (Note recent South 32 Cannintong AISC I believe is around 150US/dmT and they are digging deep) https://www.marketindex.com.au/asx/s32/announcements/cannington-mineral-resources-and-ore-reserves-update-6A847947.
This seems logical, as SEDEX depsosits are so predictable. So does that mean by the same standards, MMA's silver/lead starter zone is not far from being ore reserve? MMA has 19% as indicated vs >30% South32 target.
The value of MMAs 32Mt of silver/lead is 218.5 USD/dmT. Nice profit when you compare that to the AISC of 150USD/dmT that Cannington is currently achieving. MMA also obviously will have a vent core of higher grade and wider intercepts.
- Forums
- ASX - By Stock
- MMA
- Ann: Strong Maronan Resource Review and Maiden Indicated Resource
Ann: Strong Maronan Resource Review and Maiden Indicated Resource, page-48
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MMA (ASX) to my watchlist
|
|||||
Last
26.0¢ |
Change
0.015(6.12%) |
Mkt cap ! $52.32M |
Open | High | Low | Value | Volume |
24.5¢ | 26.0¢ | 23.5¢ | $64.29K | 263.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1900 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 3032 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1900 | 0.250 |
1 | 20000 | 0.245 |
4 | 25579 | 0.230 |
3 | 140671 | 0.225 |
2 | 8068 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 3032 | 1 |
0.265 | 4880 | 1 |
0.270 | 4980 | 1 |
0.275 | 23382 | 2 |
0.280 | 30000 | 1 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
MMA (ASX) Chart |