1MC 6.82% 4.1¢ morella corporation limited

The plan outlined at the last AGM wasn't for the full stage 2 to...

  1. 2,158 Posts.
    lightbulb Created with Sketch. 5794
    The plan outlined at the last AGM wasn't for the full stage 2 to be built. It was for a two part - Stage 2 approach. The course grain circuit would be expanded (easier to get up and running) and the fines would be stockpiled. I remember JB stating that AJM could sit on 330kt/y for a few years. The cost for this would be about $60 mil from memory. Seems like a wiser expansion approach to me. Stage 2, course grained alone, should be relatively easy with the experience gained from the initial build.

    With regards to quarterly costs, the only real unknown is if the $20mil projection is on track or not. The production numbers are largely known. I'm hopefully it will be a good quarterly. I mean this likely goes hand in hand with SS putting in more money. Doubt they'd want to drop all the cash if the quarterly was going to be dismal.
 
watchlist Created with Sketch. Add 1MC (ASX) to my watchlist
(20min delay)
Last
4.1¢
Change
-0.003(6.82%)
Mkt cap ! $10.13M
Open High Low Value Volume
4.4¢ 4.4¢ 4.1¢ $6.658K 156.4K

Buyers (Bids)

No. Vol. Price($)
3 115822 4.1¢
 

Sellers (Offers)

Price($) Vol. No.
4.4¢ 52944 2
View Market Depth
Last trade - 16.10pm 31/07/2024 (20 minute delay) ?
1MC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.