Ann: Macy Scoping Study Update, page-24

In addition to this,
At current prices there is $10mil cashflow expected in the next 12 months.
Currently the undiluted market cap is under $13 mil, at 2.2c.

Many projections are for higher demand and lower supply over the short to medium term.
Should prices rise, based on the scoping study there may easily be more cashflow than the market cap at the current price.


Another thing from the Scoping study ann - 'Scoping Study is based on the Macy Indicated Resources only and does not include the Macy Inferred Resources and does not include any exploration targets and potential upside from additional drilling at the highly prospective Aisha Project and numerous other regional targets.'

Macy Indicated Zn is 104,300t, with Inferred at 18,000t
So potentially there is an additional 18kt of Zn ore to dig up, an additional 17.25%.

Macy Indicated Pb is 5,500t, with Inferred at 4,900t
So potentially there is an additional 4.9kt of Pb ore to dig up, an additional 89%

So there could easily be 20%+ cashflow (Zn is a higher proportion of projected cashflow) to look forward to in the next 12 months (this is assuming all of the indicated and inferred resource exists at a minimum).


I picked up a parcel at 2.2c before and will add, especially if it drops lower. I'm by no means a big fish, but I see a very compelling case to invest here looking at a 12 month time horizon