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Proactiveinvestor
Analysis

The mobilisation of a mobile processing plant to the Marianas Iron Tailings Project underscores its design as a rapid start up, fast-payback, low-capex, cash-generating project.

Processing on site is a significant cost saving while the grade achieved using a wet circuit of up to 70% iron will improve yield and profits.

Processing 5,000 tonnes of material a month initial will generate short-term cash flow ahead of securing the mining permit to increase production to 30,000 tonnes of concentrate per month.

Cash flow from Marianas will in turn support Condor Blanco Mines’ over-riding strategy to develop its larger and highly prospective projects.

With production set to begin soon, the company’s market cap of just $1.9 million looks light.