yes Sim Some good results taday, shortly to be followed by more, I am sure. This week and the next few are going to be kind to MOO, defining some good high grade resources and a return to income from the 1Mtpa Mt garnet process plant.
Baal Gammon Mine Hong Kong based investment group Snow Peak Mining (SPM) to commence mining of Stage 1 in the coming months representing cash flow for Monto. Currently a stockpile of 6,368t of broken ore grading 2.86% Cu and 67.87g/t Ag is on the ROM pad at the Baal Gammon mine site, awaiting trucking to Mt Garnet. All production from Baal Gammon will attract a 2.5% net smelter royalty (NSR) payable to Monto on all metals for the first 550kt of ore processed, dropping to 2% NSR over 550kt of ore processed.
MOO Price at posting:
0.8¢ Sentiment: LT Buy Disclosure: Held
