ARV seems to have factored in the Gold ore from Munni Munni as future feedstock to the Radio Hill plant according to their latest Presentation dated 19th September 2018.
If the conglomerates hold the gold, apart from the gold in the Pt/Pd/Rh deeper down, the Platina 30% stake could be worth quite a tidy sum from long term mining at the MM conglomerates and surrounds in the not too distant future. As you say, the conglomerate horizon at MM is substantial from ARV mapping.
Has this Munni Munni situation been forgotten by the Market ? It's probably time to revive its potential "Weight" as an investment proposition.
See Pics below from the announcement. ARV is having its own SP re awakening at the moment on the strength of the gold potential in its tenements, as are most WA conglomerate gold players. PGM has a decent stake in this Conglomerate Gold play .. pity it did not keep Munni Munni 100% .. Ce La Vie!
I have added some comments to the 1st pic below ( extracted from the ARV report )
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Gold can be mined and processed quickly through the Radio Hill Plant which will be in operation at the end of this year. All going well, PGM might even see some cash flow from Munni Munni some time later next year, possibly sooner!
Let's see. At least it's a tangible possibility.
Cheers
HR
Just my views, DYOR
Rh just traded at US $2,425 ounce..first time since November 2008..now valued at more than twice the price of gold. Rhodium peaked at $10,000 oz in October 2008..it's climbed from $900 to $2425 during the last 12 months..Along with scandium & palladium we're sitting on some highly desirable commodities. CN could be just the guy to realize the value in the ground & bring it to surface
