MNE 5.26% 3.6¢ metallum limited

not all that long ago we could buy at 1.9c and 2cSellers can...

  1. 27,375 Posts.
    lightbulb Created with Sketch. 1290
    not all that long ago we could buy at 1.9c and 2c

    Sellers can still find profits at 2.3c IMO

    The bulk sample (as alluded to by others) brings more questions than answers

    Size of bulk ?
    How is this bulk selected (best grades or ???? )

    If best grades are selected then what is the chance of grades equalling what bulk showed for the rest of the ore??

    This IMHO is a concern but only time will tell. The one thing in our favour is the fact that we are doing narrow vein mining and a large precentage of the ore we mine is ore loaded with graded copper.........very little waste. So presuming bulk sample ore returns grades of around 3% then we should be reasonably comfortable that this average grade can be repeated continuously as we are adopting narrow vein mining technology as apposed to open pit mining.

    Just my bizzare thoughts
 
watchlist Created with Sketch. Add MNE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.