GMM 0.00% 65.5¢ general mining corporation limited

Takeover Target?, page-6

  1. PD1
    2,384 Posts.
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    So GMM should have the upfront payment banked within the next couple of weeks or so and on schedule.

    New Mt Cattlin drilling assays are likely to be modelled which could aid the broadening of production throughput & output for the same current minelife, as GMM have already indicated it is assessing a number of low capex options to increase plant throughput beyond the 1.0Mtpa nameplate.

    I believe as Cannacord have previous mentioned, subject to New geological data & potential plant expansion, GMM could effectively raise their concentrate output to somewhere around 200ktpa top end, should a certain set of criteria be met and they are able to place more/increasing Spodumeme sales through/with Mitsubishi which again imo only, is achievable given the current and future market dynamics in the Lithium space.

    There is also according to official company Ann's, a sales agreement/s for Tantalum being finalised which would credit the strip ratio/extraction costs.

    The James Bay asset could also become of greater strategic and logistical importance in this Lithium consumption/exploration boom.

    All imo dyor

    Pd.
 
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