Agree with the first part of your post but Stellar is a POS and you would need to acquire it as the Bluestone JV (MLX could not solely do it or you lose the synergies). Much better opportunity exists at Ringrose imo.. a lot closer to surface, a lot closer to processing infrastructure and appears to be better grades/met. If they can define a 1-2mt orebody there (have mentioned 200m x 250m resource size with circa 10m hits.. all open.. which using 3.5SG is 1.5Mt) then you can bump mining up to 1.2mtpa and do a mini plant expansion to take the added feed (might add 3,500tpa of tin). This is the most promising prospect imo.
Agree with the first part of your post but Stellar is a POS and...
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43.0¢ |
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