MNE 5.26% 3.6¢ metallum limited

mining group signs production agreement over p, page-36

  1. 185 Posts.
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    hey guys,
    I have been reading the previous posts and i hope that people aren't getting ahead of themselves with what this company could be making.

    The 9% ores which have previously been reported from historic workings had a lot more intensive work to sort them than what MNE will be going through, hence the volume of ore that was produced will not even be close to what Zeff and the boys will be doing.

    People should be looking at 6% as doing really well, "shooting the lights out" almost. Realistically if they can generate the 3% in a mix of oxide and sulphide prices i would be very happy with that. At those levels the company is still generating around $450,000/month net revenue. Anything better than that is a bonus and the gold credits will also be a bonus.

    At $450,000/month the company generates over $5 million per year, and for a $9 million market cap company that figure alone will give the market something to talk about.

    I am just scared people are going to have unrealistic expectations and sell if they don't get their 6%, which would be very disappointing.

    I have added my table again for those that missed it the first time.
 
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Currently unlisted public company.

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