Thanks for your post. Look Im just a messenger as you may say. I do my research and base my opinions on that. I don't ramp for the sake of ramping. All the info I find or as the latest may be, if I have questions I ask them to the right people ie the directors and hopefully get the right answers.
I don't spruik BS here to mislead and everything is from the horses mouth as so to speak and is fact supposedly you would expect.
I do not control who thumbs up or down to whom as you may know. To me there are more positive people than critical posters that post their views here. As you may suspect then the positives don't see eye to eye on the negative critical posters and could you really expect them to get m,any thumbs up.????
You mention the New Guinea project or was that suppose to be the Comvale project centred in the Philippines.??? If so then Zeff did mention it today being on care and maintenance program due to not sort of fitting ideally into the near term self funding program as Chile does. Also the fact that the Gvmt there want to tax at 55%, a lot less profit and that Chile is a lot cheaper to mine than anywhere else. Having already dealt with the Chile Gvmt, and a good repore with them, things will be easier to get paperwork through.
As far as swapping projects it shows that they are focused on the aim to self fund as soon as possible and does not cut with the conspiracy theories of CRs to be done and solely looking after SIs. The aim to self fund disputes this and some keeping bashing the idea to the point it is unsubstantiated BS speaking.
The company welcomes SHERs to touch base with them but how many of the negatives will spend 5 mins on the phone to get the facts they are looking for.??? Answer is none of them do but instead vent their frustrations on a HC forum to annoy others. Go on try it, ring the company and personally speak to ZEFF if you want answers and he will welcome you with open arms, pour his heart out to answer your queries and make you a happy.
How many companies can walk onto a new project and mine in 9 mths.??? Current costs is $100K/mth to mine, everything is fully paid for. Equipment is all leased and cheaper than to own your own and maintain. Costs are $54/T on development, and $30 for stoping when mining the ore vein itself. Australia is $250/T. Consistent grades of 3% plus copper in these oxidized veins and parts are much higher. There have been minor teething problems orientating to a best case scenario for maximum profit as in ore space at mill and the transport licence and the case of the change of scope to underground instead of open pit with a safety factor being too close to the old workings which could have been a disastrous result of loss of equipment and/or life. This is a focused methodical company that intergrates its professionalism to every area for future maximum results. Ann are not ambiguous as one wants to digest info and construe it whatever way they want. They are to the point. Boardroom Radio is used to a max whereas most companies don't entertain it. Vein mining is virtually a new concept that many investors are not accustomed to as in the Australian way of all the geophysics and stages of drilling to do to confirm a resource suitable for mining profits. El Roble is a proven source and many tons left to make a profit from. Future geophysics and drilling will define the extent of what El Roble is worth. Mapped is 30kms of veining that is known of in the surface alone, and many many ore shoots lay hidden and are revealed only during mining which they also chase for more profits if grades are suitable. Between Panga and Paraguay when both are in full mining cycle there is no doubt that every month will be profitable. The SP will move when the market learns that ore can be mined profitably and in suitable grades of nothing less than 3% to the mill. A good section of high grade vein will easily bump up the ore to mill gradings.
There is only one way that when EL Roble is utilized from its present infancy to where the SP can go. Talk today is of still going forward to a 500K-750KT/yr operation with its own mill on very low capex which will mill everything down to the crumbs and extract all the other credits.
Another thing jogged the memory block. Zeff spoke of the number of unusually high Cobalt results discovered so far. Readings of up to 10 times the norm in a vein style system and the worth of it alone as a credit to maximize from having its own mill.
This project is a goer and will ramp up slowly to bigger and better things worth a lot more than 2.2/3c on offer now. I really think there will be a few surprises out of the norm from MNE and will make the market sit up and listen. Drilling will confirm what lies underneath where these veins come from and the source of a phorphryr mantle.
Consistent mining tonnages, mill payments, assay results, exploration success and profits will determine where the SP goes.
When will the market wake up to a already successful story..????
MNE Price at posting:
2.2¢ Sentiment: None Disclosure: Held
