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Im more interested in the close relationship we are forming with...

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Mozzy

740 Posts.

142

03/09/20

16:55

Post #: 47065720
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Originally posted by Maigret1: ↑

The Morila Story sounds great at first glance. But i also have concerns regarding the 1.3 Moz ressource.

With a lot of effort (Building a new road, difficult negotiations with local residents) Randgold has made a few years ago the baby-sized 40k Morila deposit Domba mining capable. They bought ore from BGS/MLL via toll-agreement. Why all this effort, when there are still 1.3 Moz which can be mined easily for little money ?
Tier 1 deposit or not, Mark Bristow is not the man to give away a few hundred million $ cash flow for peanuts. If Morila is still a cash cow, he would have milked the cow to the end.

I still see the chance of more Gold on MLLs ground and that at the end of the day return from this acquisition will be positive, but i believe shareholders are too optimistic about the 1.3 Moz...

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Im more interested in the close relationship we are forming with Malian government.

They want to keep everyone employed, get good tax income, and take their percentage ownership.

They look like they will support MLL with keeping the Morila mine ticking over, and hopefully getting the lithium up and running.

Maybe the gold won't be a monster, but I think it will be a big plus for our relationship with the Malian government.

MLL Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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