Thanks for posting, didn't realize it was up.
Few things of note (super quick jot down please watch in case I made mistakes):
* costs get lower as we go down at depth.
* 2.5 million oz believed to be a "soft target", believed to grow into "something significant"
* significant potential in historic mines.
* went through the few historic drill holes of Spanish + pof8 very promising.
* iron play very prospective, very loose target 20mt DSO, 200mt - 2bt magnetite, easy to process, access to water.
* Iron requires separate management team
* deflector believed to go to a depth of 2000m, economics support deep mining.
* feasibility study well underway. Expected may-sept.
* suggested costings for underground could be lower than the current data suggests.
* metrics could be improved with obtaining power from the grid, half the power costs for an initial setup of $5m.
* deflector mine life "more like 20 years as we extend"
* Securing finance well advanced, number of options being looked at for the project finance (get the impression he wants to limit share issues)
Many more snippets of note, great watch.
- Forums
- ASX - By Stock
- MYG
- riu presentation video
riu presentation video, page-2
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MYG (ASX) to my watchlist
(20min delay)
|
|||||
Last
84.0¢ |
Change
-0.010(1.18%) |
Mkt cap ! $76.83M |
Open | High | Low | Value | Volume |
85.5¢ | 85.5¢ | 84.0¢ | $45.15K | 53.17K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 20048 | 83.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
84.0¢ | 25848 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 20048 | 0.830 |
2 | 8250 | 0.800 |
4 | 8127 | 0.795 |
1 | 12500 | 0.790 |
1 | 9912 | 0.780 |
Price($) | Vol. | No. |
---|---|---|
0.840 | 25848 | 1 |
0.900 | 2494 | 1 |
0.920 | 5000 | 1 |
0.980 | 2520 | 1 |
0.990 | 10000 | 1 |
Last trade - 15.58pm 01/08/2024 (20 minute delay) ? |
Featured News
MYG (ASX) Chart |