"Ore stocks on hand.... 78,259 tonnes" - Can we sell that after we sold the project?
"Approximately 625,754 tonnes of lower grade iron ore (50-55% iron) are stockpiled for possible further blending and processing by MRL. These stocks have NOT been assigned a value for the purposes of the Company's financial statements or the mine gate sale to MRL.
Note: Not assign a value for mine gate sale to MRL. Does this mean MOL can sell 625,754 tonnes and keep the money after sold the project.
If MOL get as little as $90/t, 625,754 grade 52.5% (328,520 tonnes contain iron) = $30m to MOL???
Does anyone know?
MOL Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held