A40 0.00% 8.2¢ alliance mineral assets limited

Ann: Resource Drilling Recommences at Bald Hill Mine, page-31

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  1. 9,666 Posts.
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    LOM was 9.3 based on 155 K TPA I think

    A new revised mining plan was released at the same time company advised that the offtake agreement had changed substantially.

    As a result of a new mining plan, the company is forecasting annual average production of 240 K TPA over the next two years against its known reserve.

    If you assume they continue at the new average rate the old LOM dropped in theory a far bit, hence the need for a drilling program
 
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