MBM 3.33% 3.1¢ mobecom limited

better than sdl: market cap $50m drilling july, page-22

  1. 28,706 Posts.
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    Chatter away about nothing. All exaggeration.

    LEG is not in the "Golden Triangle"

    $6m in the bank is alot of $

    500m tonnes inferred JORC @ 100m thick requires drilling over an area of 1km x 1km

    at 200m spacings, that is 25 drill holes

    $6m will last 6 months of drilling, even more

    CR will not result in heavy dilution - FALSE!!!

    "Better than SDL" just referred to the expected quality of the ore, that is all

    sure, SDL may charge a premium of $10/t for transport

    if SDL have WGO and Core on their line, $10/t brings in $600m per annum in railway rental

    naturally, WGO and Core would have their own trains



 
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