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5.1¢ millennium minerals limited

Ann: High Grade Intercepts and Conglomerate Review, page-45

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ThinkMillions

2,334 Posts.

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24/11/17

01:39

Post #: 29074223
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Originally posted by eyeinsky63 ↑

The underground at Barton's will go ahead and I estimate that it will be early next year.
The existing plant can process this U/G ore from Barton's but recoveries are increased if you put a floatation plant in to deal with the sulphide materials that are associated with this ore.
The approximate cost of the floatation plant at approx. 50 million dollars can easily be paid back within a short period of time given the expected increase in recoveries.
The amount of money that has been spent on exploration has started to pay for itself with significant intercepts at Barton U/G and other deposits.
This can only be a plus for the company and it's shareholders.
In my opinion MOY have the tenements and are doing the right thing, could be exciting times ahead.

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Capital cost for CIL and flotation upgrades are : estimated in the range of US$32.0 - 36.8M (including contingency).

MOY Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
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