It looks OK on face value but as a holder I'd put heed into the statement in the scoping study that states that the economic model assumes the ability to produce ROM ore within 2 months from commencement of mining at Macy. The clock has started ticking. The success seems to be sensitive to making a faultless start.
Also they say they can find buyers in China at competitive prices for the products but at this stage they still need a buyer for 70% of the proposed output. I suppose it will depend on their ability to produce what they claim they can produce. Esh
SL1 Price at posting:
3.5¢ Sentiment: None Disclosure: Not Held
