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7.3¢ medallion metals limited.

MM8 Discussion, page-75

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6,263 Posts.

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22/09/23

14:36

Post #: 69980569
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Originally posted by timbin4: ↑

Majority of their resource is shallow OP which should help to bring some profitable revenue in early in the ramp up.
I'll be interested to know if any new Metallurgy works (regarding anticipated recovery rates) have been completed at all as part of the PFS? Or maybe they will they just base recovery rates from the historical workings of these deposits? With a view to complete them as part of the DFS.
'Flag' looks to have some upside at depth (below the previous Norseman gold workings from the 80s), the grades look very impressive but to date the widths have been very narrow, some extra drilling of them as part of the DFS would be welcomed.

Either way this PFS will further derisk the project economically and help to build the case to build a profitable mine with a high LOM.

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Saw AAR up 30% in two days on their PEA. Has a 65m MC.

Can't why MM8 cant catch up if we are anything close from such a low 20m odd MC. Plus ours is PFS vs the PEA 35% flex

MM8 Price at posting: 6.6¢ Sentiment: None Disclosure: Held
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