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7.0¢ metaliko resources limited

Ann: Metaliko to lease Bronzewing Mill-MKO.AX, page-11

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Barry Crocker

405 Posts.

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30/06/16

15:09

Post #: 18161895
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Originally posted by Barry Crocker ↑

Very good news - I also was getting impatient but will now hold to see how this pans out over the next few months.

Sounds like a very good deal - plant gets restarted and run at someone else's cost and some revenue coming in and still 1.3m t pa spare capacity to use as they see fit which is more than EAR and MKO are likely to be able to feed between them over the next couple of years.

Assuming that EAR is not the lessee - they now have access to a plant for their short term open pit strategy.

Looking forward to seeing some more detail on the deal.

Cheers,

Barry

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Now that the plant is re-starting they need to get cracking building their own reserves - a resource update would be nice.

MKO Price at posting: 5.4¢ Sentiment: Hold Disclosure: Held
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