AMG 0.00% 5.1¢ ashby mining limited

Ann: Term Sheet- Sale of Mt Freda Mineralised Stockpiles, page-3

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  1. 1,378 Posts.
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    Of course - Copper Chem have their plant in Cloncurry.

    Interesting side deal to assign the two sub-blocks from Copper Chem over to AMG to allow for a possible extended ML footprint at the Mt Freda area. So that's a $2.5M cash purchase regardless of any gold grades and any recoveries from the Mt Freda stockpile. Seems like a reasonable deal so far. More money for drilling in AMG tenements...

    I think its very instructive that the guys at MAR couldn't/won't consider running this ore through their Lorena gold plant, Lorena is actually closer than the Copper Chem plant in Cloncurry and is currently being upgraded by OPS so that means that either Copper Chem outbid or made a better offer to AMG, or more likely, that MAR don't have a brass razoo to purchase anything at the moment...
 
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