MMX 0.00% 4.7¢ murchison metals ltd

What i have found a tad interesting is that the brokers are not...

  1. 4,603 Posts.
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    What i have found a tad interesting is that the brokers are not saying anything about the case when they are commenting on MMX. Its more about the depth of the ore and costs of the projects to come. note the 14mil hole this 1/4 for OPR. Rocklea by the end of the year is a good sign for holders. Ore to port is increasing which is a good sign enabling a cashflow. Nine shipments were made in the quarter with a record four shipments in August. A total of 373,903 tonnes of lump and 47,174 tonnes of fines were shipped. This was an increase in shipping volume of 16% on the previous quarter. New drilling is also looking good: The combined exploration targets have the potential to deliver an additional 400 to 1000 million tonnes of predominantly BFO to the project resource inventory. Note: A substantial resource update is expected to be announced in the December quarter. Expect the cashflow to be hit as we move aong with more OPR costs.
 
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Currently unlisted public company.

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