Key points from the investor presentation. This looks like the first insight into what the Scoping Study contains. - Very low cost open pit mining operation. Maximum depth 250 metres below existing floor - 15-20 year “starter” pit - Low stripping ratio (3 tonnes of waste to mine each tonne of ore) - Fleet sized to suit the location, access and to deliver an ore mining rate of up to 2.5 Mtpa - Underground development to follow open pit mining - Further open pits expected on the tenement and within the local region 2.5 million tonne per annum operation,15-20 year 'starter' pit and a 3 to 1 stripping ratio , .... Find me another junior on the ASX that can boast those numbers. MYL have to be a takeover target from one of the majors down the track, think Glencore, BHP, South32- they would be desperate for an asset of his caliber to sit in their portfolio. Great place to sit as a shareholder
MYL Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held