Dapper, BM project for one has a timeframe, the market has been told the timeframe and the market has been told its commercially viable and how much approx it is worth on a NPV basis. How much more info do you want or can expect at this stage? Sure the project isn't PROVEN commercially yet and mining licences and enviro approvals aren't in place yet, but hey, do you want to bet that the MC wouldn't be 10 times what it is now if everything was certified to proceed with the BM project. The company is what it is and is at the stage it is at. Full stop.
I believe the projects are progressing rather than degressing, and the progressing according to timetables that always of Mantle's making. Wet season in North queensland now so they won't be doing drilling at Mt M and Granite Castle until June perhaps. lexmark told us several times that the MT M ilua/exploration permits aren't ratified until March I think. GC will probably need a board decision before they go ahead- will spending a few million on getting a half million ounce JORC be the best way to spend the company's monet atm?
BM has been delayed and the project slowed down for an age now and imo the reason being that they had to wait on the gov to slowly push ahead with their timetable for the BC Pilbara and have been told to not get ahead of them re development of the project and publicity of CHTD and DICE, and as we have read from links that Tata and Exergen were probably ready to push ahead with a commercial demo plant of CHTD a couple of years ago but now wait on the govt's ALDP and S7. We all know in the next half year and before the fed election that ALDP and S7 will finally be announced and the BC Pilbara will be on for all.
I guess imo the question regarding the trading of mnm and mnmoa is do you believe the BC Pilbara will eventuate and what of Mantle's role in the BC space.
MNM Price at posting:
5.1¢ Sentiment: Hold Disclosure: Held
