Mt Bevan. What should we do? We are a 40% stake holder in a huge, world class ore body according to NMDC, the backers of our joint venture partners LCY, who have slowly taken control of LCY.
Go back over all the announcements concerning Mt Bevan and be amazed at the enormity of this ore body. A billion tons of hematite circa 34%. six hundred million tons of magnetite DSO.
NMDC are playing the long game, IMHO. While we consume ourselves with gold fever, the big money is with Mt Bevan. All this plus the potential of nickel, cobalt and PGE on our border with SGO.
IMHO we should sell our 40% stake to one of the major miners, why not put it out there?
Yes its only a 40% stake, but the major players have the clout and the readies to dominate.
Do the math on 40% of a billion ton of hematite at say fifty cents per ton in ground, and 40% of six hundred million ton of magnetite DSO at say one dollar per ton in ground.
HAW Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
