They had a probable reserve of 4.3mt before they started mining. They've mined approx 1mt to end of march, so they have approx 3mt now. Mine life if they manage to mine the entire reserve is between 2.5 and 3 years.
The molybdenum copper occurrence has been demonstrated as unviable.
Why would hanlong take sundances deposit off sundance who have been working on it for years and give it to moly who don't know the place from a bar of soap ?
The company is way overstaffed for a company with a small low grade iron ore mine. The minesite appears to be a lean operation, but all the managers and executive - hard to see what they do, other than sit around west Perth in their "moly mines" shirts having long lunches.
do i understand correctly?, page-4
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