Ask and you shall receive? talk about a day for announcements? Someone just posted before about the SP needing the dfs from Central Murchison to get a move on... I think there is MORE than one reason the SP to get a move on. Very happy with the timing of my purchase- will just sit back and wait and see the brokers and journalists pour over the numbers (both the increased Quarterly and the Gold DFS) over the weekend. Then you can wait for the brokers, maybe Wangs one, to say- this is a buy. The early adopters who saw value will already be in. Still not too late IMHO... has the fuse been lit?
An estimated pre-tax NPV8 of A$141.9M. • Average Life of Mine cash operating costs of A$979 per ounce. • Life of Mine Revenue of A$1.76 billion and EBITDA of A$692M. • A pre-production Capital Cost estimate (including process plant, contingency & EPCM) of A$117.1M. • Probable Mining Reserves of 1.17M ounces (15.46 Mt @ 2.36 g/t Au) allowing for an initial 11 year mine life. • A Total Mineral Resource estimate of 4.95M ounces (61.2 Mt @ 2.52 g/t Au). • A combination of ore sources including stockpiles, lower-grade open pits and higher-grade sustainable underground mines with a 3 year ramp-up to steady state production. • Significant scope for Ore Reserve increases from resource to reserve conversions of deeper resources in the underground mines (over time), the consideration to extraction of historic mine remnants (particularly Great Fingall) and evaluation of open pit and underground mining opportunities at Cuddingwarra which are yet to be considered. • Simple low risk CIL (carbon in leach) processing plant of 1.5 Mtpa capacity designed and costed by expert consultants, GR Engineering Services.
MLX Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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