MEU 8.11% 4.0¢ marmota limited

JORC Aurora Tank, page-4

  1. 114 Posts.
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    I have a small holding in AWJ. Tiny mkt cap.
    AWJ entered a profit sharing agreement with a mining contractor to develop and mine an open pit on one of its tenements. The ore is then toll treated by a third party.
    This has been very successful and AWJ have banked a few million, without the need for CRs or the expense of buying/leasing a mining fleet etc...
    This has been achieved with 3 years of listing.

    MEU could easily do the same.
    But does management really have the appetite to ever get this done.
    Been holding 3 years and live in hope.
 
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