IRC 8.00% 13.5¢ intermin resources limited

The Future, page-19

  1. 6,287 Posts.
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    Yes the V is the wild card when that's progressed to a point we start to see real value being added is anyone's guess to date AXF looks to be in no hurry .. so maybe 2020-21

    Gold mining resumption ... well, I don't think they would waste their time with MRP tiny rusted out old plant ..but should well be a good location to build one(straight forward for permit licenses etc) .. still need a large Gold reserve to justify the equally large CAPEX (100mill+ to build a sizable plant)

    I still stand by my view that the likely way forward because of the limited toll capacity for the northern projects is to sell them down pre-merger focus on best ROI via the drill bit.

    merging with MRP will add asset size in the southern region close to hopefully another toll deal with the Lakewood mill (If they can fit us in) ...then just keep growing Gold reserves to a size they will be attractive to a nearby producer via T/O or valuable enough to attract funds at good rates

    worth a watch old JP interview -we will be producing Gold in 2019? (unlikely IMHO)
 
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