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17.1% 4.1¢ manuka resources ltd.

Ann: Trading Halt, page-12

  1. timbin4
    3,136 Posts.
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    22/02/22
    11:00
    Post #: 59726767
    When the flotation circuit arrives (it's still some way off) and is installed it will improve the recoveries on particular ore types (like those from Mt Boppy - currently they are getting 75%) but in order to be able to process gold and silver simultaneously (eg; gold from Mt Boppy & silver from Wonawinta) they need to build a comminution circuit (including a Ball Mill). So maybe they have decided to go down that path and want some money to fund that plant expansion?
    Last edited by timbin4: 22/02/22
    MKR Price at posting: 34.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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