I mean they recently just purchased more plant equipment. And just wrote the following :-
"Plant options for stand-alone Flotation and Leach circuits are also being reviewed. In this configuration, the process feed could equate to circa 850k - 1.0Mtpa for each circuit (which would in effect double current capacity) but would be subject to the addition of a second comminution circuit (crushing and grinding circuit). Manuka does have a second ball mill which it is currently using as a regrind mill, but it is limited in size. When installed, the plant will sit alongside the existing leach plant in close proximity to our tailings dam."
So they are already looking at plant expansion months before they spoke about it publicly. And the only reason one can think why is because they have 2 viable options right now. The silver stockpile and new finds of good gold at Mt Boppy. So there must be some good news in regards to drill results and perhaps they only wanted to publish them after the cap raise so it is more enticing to investors. By diversifying into gold and silver simultaneously they have better risk management than currently. All in all a bit spicy.
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manuka resources ltd.
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Last
4.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $35.00M |
Open | High | Low | Value | Volume |
4.2¢ | 4.5¢ | 4.2¢ | $73.48K | 1.691M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1169486 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.3¢ | 95435 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1169486 | 0.042 |
1 | 50000 | 0.041 |
1 | 100000 | 0.040 |
2 | 47300 | 0.037 |
6 | 377888 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.043 | 95435 | 1 |
0.044 | 48657 | 1 |
0.045 | 361826 | 2 |
0.046 | 7500 | 1 |
0.048 | 577777 | 2 |
Last trade - 15.59pm 24/06/2025 (20 minute delay) ? |
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