Hi Drillfix, i think the next step MZM will take is to get some cash from its magnanese. As you have read that magazine , the price of maganese is around $300 - $400 per ton . If MZM can get around 500K ton from its 20% explored terrain so far and with a 2.5km strike length, we will get say:
$200 X 500K ton = $10M (cost included). Cost of processing magnanese is cheap, unlike gold.
You probably get a rough idea how much the share will spike when this happen.
Now regarding Mt padbury, nic123 is right. There are good potential in that area too but i think its a secondary target for MZM. I just hope the peak hill drilling will get some good grade. If we get something decent, we will see his flying but problem is i personally think MZM should have drill the pit with the highest resource (main), not jubilee. Jubilee has the lowest resource but it was drilled first.... perhaps a strategy or a bad move? Anyway, i say this MZM will have a some way to go. Perhaps another 6 months to 1 year to see some price flying. In th emean time, majority mining shares are taking a hit so stay put there.
- Forums
- ASX - By Stock
- the cash converter
Hi Drillfix, i think the next step MZM will take is to get some...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEU
Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress
BOE
Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan
Add E25 (ASX) to my watchlist
|
|||||
Last
22.3¢ |
Change
0.003(1.14%) |
Mkt cap ! $48.93M |
Open | High | Low | Value | Volume |
23.5¢ | 23.5¢ | 22.0¢ | $6.632K | 29.17K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 149833 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 1722 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 149833 | 0.220 |
2 | 11903 | 0.210 |
3 | 52000 | 0.205 |
3 | 55014 | 0.200 |
1 | 10000 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 1722 | 1 |
0.230 | 7752 | 1 |
0.240 | 3882 | 1 |
0.250 | 32000 | 1 |
0.255 | 1892 | 1 |
Last trade - 15.43pm 09/08/2024 (20 minute delay) ? |
Featured News
E25 (ASX) Chart |