MRL’s projects have low CAPEX and OPEX requirements. Production of 5,000tpa of premium quality vein graphite should generate revenues of approximately of US$10m pa. Capex to achieve this would be
Next step would be 10,000 tap before presumably further growth on their increasing tenements.
The beauty of this puppy is they intend to get into production as soon as possible without the need for JORC, Bankable feasibility study etc, due to the history of the tenements and the low capex involved.
MRF Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held