There are big issues with trying to get a mill built at A1. Permitting can be a nightmare these days, especially with a labor/green vic govt. there is also the logistics of finding the land for the mill and tailings. Morningstar has a permitted paste plant to send the tailings back into the mine.
If Centennial did not own their own mill imo the company would be looking into it. IMO Centennial may have as a longer term plan for the company to focus more on their mines nearer to Maldon and have them in full production. All being serviced by the Maldon mill. A1 could be just the means to that end.
Another problem for toll treatment at Morningstar could be the different ores, but Morningstar would have to sort that out anyway as they develop other mines in the region. Morningstar could add capacity a lot easier, cheaper and quicker than Centennial getting into the hassle of building a second company mill.
CTL Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
