MNE 5.26% 3.6¢ metallum limited

obviously the cash position is the unknown. if they can make the...

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    obviously the cash position is the unknown. if they can make the $185k (aud) payment and still have enough on hand for a couple of months then this ride could get very, very fun imo.

    a small CR (or more likely use of the funding facility in place) is not the end of the world, but we would all prefer organic growth from shipments as per managements stated objective.

    the SS shipments are a huge game-changer here. I might be wrong, but I expect that due to the higher grades the 2000t per month break even number that Zeff has stated can be revised down with SS onboard. that said, it is also easier to get to 2000t per month from 2 (soon to be 3) mines operating.

    there is a lot of effort going in to holding this price down now, and that will break at some stage.
 
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