MRC
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0.00% 2.6¢ mineral commodities ltd

Ann: Tormin update and exclusivity for potential sale, page-34

  1. spid81
    16,314 Posts.
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    12/05/24
    17:21
    Post #: 73785763
    Hi Croc,

    the additional funds from the loan are for a Mineral Separation Plant, If GMA Garnet buys Tormin, they will fund the purchase, if they decide in 3 months time not to purchase Tormin, MRC will drawdown on the loan to complete the MSP and move into producing finished products.

    Its not that complicated to understand
    MRC Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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