In other news today MNM just did a deal with the MCO administrators to purchase the Morning Star Mine.
This now leaves it open for AYC to do a deal with MNM to toll mill the high grade ore from A1 and Eureka at the Woods Point mill and save an enormous amount of money and energy versus trucking to Maldon
MNM is vastly undercapitalised to reopen the Morning Star mine ( I believe you would need $8million to even think about it) and should welcome some cash flow from toll milling, if the respective directors are on good terms of course..........
In addition Dennis Clarke is probably one of the few people capable of successfully developing the narrow vein stopes at Morning Star.
so watch this space.
AYC Price at posting:
5.0¢ Sentiment: None Disclosure: Held