This explains quite well why the major shareholders stick with MII in the cap raising and its market cap vs minimum NPV (this NPV will grow with more resource proved). The infrastructure is in place from previous historical production, processing plant will be set up ready in Ausralia by 2012, ore concentrate quality proven,.. We will know the way forward by end Mar 2011. At the mean time, the management will have hugh cash in hand to drill here or wherelse and to look for other opportunity. The proessing plant seems to be one of the delay factor for many startup project but MII already got one, cheap and save plenty of time. While it is refurbished in Australian soil, with the feasibility study completed, more intensive drilling could be carried out to further increase the resource and the confidence of the project. I could see we are ahead of time for 2012 production. My judegment above came from a few gold production projects I have had shares with before.
- Forums
- ASX - By Stock
- MII
- mii - in play by march according to high grade
mii - in play by march according to high grade, page-3
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MII (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online