So TMT have released their much hyped MTMP integration study today and the market has spoken. The postage-sized southern Yarra pit (M51/884) completely surrounded by AVL presents many logistical issues. Three pits and have to go underground to mine below 185m? Revised IRR and cap/opex? Not too much back-slapping over there now reality's set in.
Interestingly there is still no mention of the enviro submission on their integral 'southern' Yarrabubba deposit. Can't mine it without EPA approval.
Can't process it if the 'proposed' ~160k spur off the NGI isn't built.
TMT seems to be a 'house of cards' with implosion imminent...
For 10 points to the TMT 'brains trust' what 'integral' piece is missing from this development envelope in your EPA submission? Hint: It is not the Far North, North, or Central pit... https://www.epa.wa.gov.au/proponent-name/technology-metals-australia-limited
GLTAH & DYOR
AVL Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
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