MRP macphersons resources limited

nice results but to mine requires a huge strip

  1. 680 Posts.
    lightbulb Created with Sketch. 6
    MRP have had some nice results out this morning. If you view the sections mining of this zone would require a huge capital cost as there is at least 150 to 200m of waste to remove before you get into the mineralisation. Plus the waste between the 2 pits as well.

    Results would need to continue to be strong, although I can't see this future mining venture showing economic success given the capital costs - the previous low cash costs should not be used as a guide given the enormity of the capital required now to develop it.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.